Definition of Kondratiev in English:


Line breaks: Kon|dra¦tiev
Pronunciation: /kɒnˈdrɑːtjɛf


[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.

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day mage
Pronunciation: meɪdʒ
a magician or learned person