Nikolai Kondratiev  

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Nikolai Dmitriyevich Kondratiev (4 March 1892 – 17 September 1938) was a Soviet economist and proponent of the New Economic Policy (NEP) best known for the business cycle theory known as Kondratiev waves.

Kondratiev became an early leading figure of Soviet economics and promoted the NEP's system of small private free market enterprises in the Soviet Union. Kondratiev's theory that Western capitalist economies have long term (50-to-60-year) cycles of boom followed by depression gained recognition inside and outside the Soviet Union.

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