Understanding the Kondratieff Wave: Long-Term Economic Cycles
Introduction to the Kondratieff Wave
The Kondratieff Wave, sometimes called the long wave or K-Wave, describes a recurring 40- to 60-year economic cycle of boom and bust. Recognizing these extended pulses helps economists, investors, and policymakers anticipate transformative shifts in technology, prices, and global growth.
Origin and Theory
Russian economist