noun[usually as modifier] Economics
Each of a series of cycles or waves of economic contraction and expansion lasting about fifty years, postulated by Kondratiev in the 1920s: the fifth Kondratiev [as modifier]: longer-term Kondratieff waves of growth and decline
More example sentences
- This reversed money-tide epitomizes the deflationary phase of the Kondratiev cycle.
- The deflationary spiral under the long-wave Kondratiev cycle is far from over, in spite of appearances.
- I began giving students my Kondratiev handout and telling them to invest long term in IBM and wait for a fifth Kondratiev wave.
1930s: named after Nikolai D. Kondratiev (1892–circa1935), Russian economist.