#initial-load-header-loader { visibility: hidden!important; } #initial-load-content { visibility: visible!important; } .expandable .expandable-control { display: none!important; } .expandable .expandable-content { display: block!important; visibility: visible!important; max-height: none!important; height: auto!important; }

Kondratieff wave

[kuh n-drah-tee-ef, -tyuh f]

noun Economics.

a long business cycle of economic expansion and contraction, postulated to last about 60 years.

RELATED CONTENT

Why Are We Calling Everything A “Wave”?

Why have so many waves found their way into our cultural lexicon in recent years? In this article, the first in the column Mincing Metaphors, we unpack this oceanic metaphor to better understand what it means and why it’s proving so useful right now.

Read more in this article about some frequently asked questions and fun facts related to our definitions.

Origin of Kondratieff wave

named after Nikolaĭ Dmitrievich Kondratʾev (1892–1935?), Russian economist, who postulated it

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019