History of concept The Soviet economist Nikolai Kondratiev (also written Kondratieff or Kondratyev) was the first to bring these observations to international attention in his book The Long Waves in Economic Life (1926) alongside other works written in the same decade.Vincent Barnett, Nikolai Dmitriyevich Kondratiev, Encyclopedia of Russian History, 2004, at Encyclopedia.com.Erik Buyst, Kondratiev, Nikolai (1892–1938), Encyclopedia of Modern Europe: Europe Since 1914: Encyclopedia of the Age of War and Reconstruction, Gale Publishing, January 1, 2006. In 1939, Joseph Schumpeter suggested naming the cycles "Kondratieff waves" in his honor. The underlying idea is closely linked to organic composition of capital.
History of concept The Soviet economist Nikolai Kondratiev (also written Kondratieff or Kondratyev) was the first to bring these observations to international attention in his book The Long Waves in Economic Life (1926) alongside other works written in the same decade.Vincent Barnett Nikolai Dmitriyevich Kondratiev, Encyclopedia of Russian History, 2004, at Encyclopedia.com.Erik Buyst, Kondratiev, Nikolai (1892–1938), Encyclopedia of Modern Europe: Europe Since 1914: Encyclopedia of the Age of War and Reconstruction, Gale Publishing, January 1, 2006. In 1939, Joseph Schumpeter suggested naming the cycles "Kondratieff waves" in his honor. The underlying idea is closely linked to organic composition of capital.