economic cycles

an abstract image of grey wavey patterns

General Sociology

Long-Wave Theory (Long Wave Cycles)

Long-wave theory, also known as long wave cycles or Kondratiev waves, is an intriguing concept that examines the cyclical nature of economic and social changes over extended periods, typically spanning 40 to 60 years. Initially introduced by the Russian economist…

Easy Sociology
August 20, 2024

A laptop screen displaying economic data

Sociology of Economics

Kondratieff Cycles: An Outline and Explanation

Kondratieff cycles, also known as K-waves or long waves, refer to the hypothesized cyclical patterns in the global economy, characterized by periods of high growth followed by periods of stagnation or decline. Named after the Russian economist Nikolai Kondratieff, who…