Kondratieff wave

[ kuhn-drah-tee-ef, -tyuhf ]

noun

, Economics.

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

Word History and Origins

Origin of Kondratieff wave¹

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