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Oeconomicus vs. Academicus: A Diachronic Perspective of the Relationship Between Kondratieff Cycles and the Structural Reforms of Higher Education



    () (“Alexandru Ioan Cuza” University of Iasi, 11 Carol Bd., Iasi, Romania)

  • Constantin HALANGESCU

    () (“Alexandru Ioan Cuza” University of Iasi, 11 Carol Bd., Iasi, Romania)


The aim of this paper is to present, in the general, non-exhaustive manner, the diachronic relationship between the macroeconomic phenomenology of the Kondratieff cycles and the higher education targeted educational reforms. Historical evidence, presented by the specialty literature, prove these reforms took place in the decline phases of the Kondratieff cycles, to the social-economic subsumed phenomena characteristic to each of them. Adhering to the idea of passing through the fifth cycle, the second part of the paper raises several questions that could be fully debated upon in future research, such as: in the academicus vs. oeconomicus debate of the beginning of this millennium, influenced by the economic and financial crisis, are we in the cyclic phase ascension, given the global quasi-structural reforms in the higher education systems (regionally USA-Europe-Asia/Pacific polarized in the triangle)? Could globalization and higher education massification through internationalization be considered paradigms of the current Kondratieff long wave?

Suggested Citation

  • Ion POHOATA & Constantin HALANGESCU, 2012. "Oeconomicus vs. Academicus: A Diachronic Perspective of the Relationship Between Kondratieff Cycles and the Structural Reforms of Higher Education," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 9, pages 13-32, June.
  • Handle: RePEc:aic:revebs:y:2012:i:9:pohoatai

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    References listed on IDEAS

    1. Kindleberger, Charles P., 1996. "World Economic Primacy: 1500 to 1990," OUP Catalogue, Oxford University Press, number 9780195099027.
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    More about this item


    HIGHER EDUCATION; Kondratieff cycles; economic cycles; academic reforms; economical decline; globalization; internationalization; macroeconomy;

    JEL classification:

    • I23 - Health, Education, and Welfare - - Education - - - Higher Education; Research Institutions
    • I25 - Health, Education, and Welfare - - Education - - - Education and Economic Development
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • N30 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - General, International, or Comparative
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development


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