KONDRATIEFF WAVE


Meaning of KONDRATIEFF WAVE in English

An economic theory of the Soviet economist Kondratieff stating that the economies of the western world are susceptible to major up-and-down "supercycles" lasting 50 to 60 years.

Campbell R. Harvey. Hypertextual finance English glossary.      Английский словарь гипертекстовых финансов.