Monday, March 7, 2011

The Long Wave Cycle by Nikolai Kondratieff (Kondratiev)

The Long Wave Cycle

by Nikolai Kondratieff (Kondratiev)

ISBN: 0943940079

Book Description:
Richardson & Synder, New York, 1984. Hardcover. 8vo - over 7¾ - 9¾" tall. Hardcover, Black cloth with silver title to spine, English Version, translated by Guy Daniels, Introduction by Julian M. Snyder.

Book Condition: Near Fine, only slightest hint of any use, no marks externally or internally.

Dust Jacket Condition: Very Good, (in Mylar), front and back panels are tanned, but price intact, one small tear (3/8") to front cover near bottom edge, two small tears (1/2") on back cover near top edge, 2 small tears (3/8" & 1/2") on back cover near bottom edge, otherwise clean and protected.

Nikolai Kondratieff is the father of the long wave economic cycle. He suggested that during a period of fifty years there would be (1) a decade of depression (2) thirty years of technical innovation (3) ten years of economic uncertainty, as growth forces of the past subside. Kondratieff came to believe in the 54-year cycle. His major work, published in 1925, forms the core of this book. His charts have been redrawn to conform to the originals of the Russian edition. Kondratieff's statistical tables are included in their entirety. Published in 1984, THE LONG WAVE CYCLE is the first translation from the original Russian text to appear in the world.

Arthur Davis, a Nobel Laureate, cited Kondratieff in his acceptance speech, warning that economists should remember his admonition that no trend last forever.

In 1922-1928, Nikolai Kondratieff published several papers dealing , in varying degrees of depth, with the question of long economic cycles. The most basic of these was an essay called "Long Economic Cycles," which was published in the journal Voprosy konyunktury (Problems of Economic Conditions, Vol.1, No.1, 1925). On February 6, 1926, it was read as a paper at the Economics Institute of the Russian Association of Social Science Research Institutes. In 1928, it was reprinted in a book published by that institute under the title "Long Economic Cycles, by N.D. Kondratieff and D.I. Oparin. (Oparin was listed as co-author because, along with briefer comments by other Soviet economists, a good part of the book is given to his critique of Kondratieff's theory.) The text is taken from that book.

Nikolai Kondratieff (Kondratiev)

Unfortunately, Josef Stalin did not care for Kondratieff's theories as they were seen as criticism of his intentions for the Soviet Economy. In 1930, Stalin had Kondratieff arrested and sent to a Soviet Labor Camp where he later received the death penalty in 1938. 138 pages. Extremely Scarce. Collectible.

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