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Kondratieff Waves and the Greater Depression of 2013 - 2020

 
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02/27/2012 06:29 AM
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Kondratieff Waves and the Greater Depression of 2013 - 2020
Kondratieff Waves and the Greater Depression of 2013 - 2020

BY CHRISTOPHER QUIGLEY02/24/2012

There are very few heroes in economics but for me one of the patron saints of that profession should be Nikolai Kondratiev who was shot by firing squad on the orders of Stalin in 1938. He died for what he believed was the truth. His execution was ordered because his academic work propounded that the capitalist system would not collapse as a result of the great depression of 1929. This truth Stalin did not want to hear, thus Nikolai was exterminated and his work suppressed for over two decades.

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