The Kondratieff Wave is a theory that was presented by a humanist financial expert, Nikolai D. Kondratieff in his 1925 book, ‘The Major Economic Cycles’. He saw that agrarian items and copper costs went through long-term financial cycles and anticipated that this was a consequence of mechanical advancement.
Economists assert that the waves keep going for 40 to 60 years. The cycle till now has five waves and numerous economists believe that the 6th wave began in 2005. Obviously, not all economists completely accept this theory. The most prominent reason is the lack of agreement on the start and end of each wave. The hypothesis was also dismissed in Russia as it was deemed a part of “heterodox economics,” implying that it doesn’t adjust to the generally acknowledged, conventional speculations upheld by market analysts.
Shristi Sarawgi is a second-year student of Economics at Indraprastha College for Women.
Reference:
Corporate Finance Institute. (2021, February 15). Kondratieff Wave. https://corporatefinanceinstitute.com/resources/knowledge/economics/kondratieff-wave/
Ganti, A. (2020, January 24). Kondratieff Wave. Investopedia. https://www.investopedia.com/terms/k/kondratieff-wave.asp
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