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The Kondratieff Wave is a concept that was introduced during the Russian Communist era by a sociologist economist, Nikolai D. Kondratieff. He noticed that agricultural products and copper prices underwent long-term economic cycles that he believed to be a result of technological innovation and periods of evolution.
Kondratieff first introduced the concept of long wave theory in his 1925 book, “The Major Economic Cycles.” Later in 1939, another economist, Joseph Schumpeter, suggested naming the long waves “Kondratieff Waves” in honor of the Russian economist’s work.
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2010 report. 10 years passed already. got updated?