Famous russian economist during great depression
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Nikolai Dmitriyevich Kondratiev
He was a Sovieteconomist. He proposed a theory that Western capitalist economies have long term cycles (approximately 50 years) of boom followed by depression. Although Kondratiev himself was imprisoned and executed during the Great Purges of Joseph Stalin, his work was published, translated, and became well-known in the field of economics.
He was a Sovieteconomist. He proposed a theory that Western capitalist economies have long term cycles (approximately 50 years) of boom followed by depression. Although Kondratiev himself was imprisoned and executed during the Great Purges of Joseph Stalin, his work was published, translated, and became well-known in the field of economics.
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