08w42:2 The Kondratieff Theory

by timothy. 0 Comments

Related to the previous GR and the current news:

The Kondratieff Theory
“The Kondratieff wave cycle goes through four distinct phases of beneficial inflation (spring), stagflation (summer), beneficial deflation (autumn), and deflation (winter). Since, the last Kontratyev cycle ended around 1949, we have seen beneficial inflation 1949-1966, stagflation 1966-1982, beneficial deflation 1982-2000 and according to Kondratieff, we are now in the (winter) deflation cycle which should lead to depression.”

Kondratiev wave | Wikipedia
In heterodox economics, Kondratiev waves—also called grand supercycles, surges, long waves, or K-waves—are described as regular, sinusoidal cycles in the modern (capitalist) world economy. Fifty to sixty years in length, the cycles consist of alternating periods between high sectoral growth and periods of slower growth. Most academic economists do not posit the existence of these waves. [emp mine]

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