Nikolai Kondratiev

Nikolai Dmitriyevich Kondratiev was a Russian economist, who was a proponent of the New Economic Policy , which promoted small private, free market enterprises in the Soviet Union. He is best known for proposing the theory that Western capitalist economies have long term cycles of boom followed by depression. These business cycles are now called Kondratiev waves.

Nikolai Dimitrievich Kondratiev was born onMarch 1892 in the province of Kostroma, north of Moscow, into a peasant family of Komi peoples heritage. He was tutored at the University of St. Petersburg before the 1917 Russian Revolution by Mikhail TuganBaranovsky. A member of the SocialistRevolutionary Party, his initial professional work was in the area of agricultural economics and statistics and the problem of food supplies. OnOctober 1917, at the age of 25, he was appointed Deputy Minister of Supply of the last Alexander Kerensky government, which lasted for only a few days.

Source: Wikipedia