Description: (Russian Economist Known for His Contributions to 'Business Cycle Theory' Known as 'Kondratiev Waves')
Russian Soviet economist, statistician and proponent of the New Economic Policy (NEP) Nikolai Kondratiev, one of the early leading figures of Soviet economics, is best remembered for the business cycle theory called Kondratiev waves. Major works of Kondratiev include The Grain Market and The World Economy and its Conjunctures During and After the War.