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Kondratiev and a new methodological agenda for economics

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  • Natalia A. Makasheva

    (HSE University, Moscow, Russia)

Abstract

This article addresses Kondratiev's approach to the problems of economic dynamics, cycle and conjuncture in the context of a new methodological agenda which was formulated in the 1920's in Europe and the USA by representatives of the "brilliant generation of economists," mostly members of the econometric movement and its adherents among Russian economists. A distinguishing feature of this generation was that its representatives were striving to make economics an objective science penetrated by rigorous ways of thinking and based on a unification between the theoretical quantitative and the empirical quantitative approaches to the study of economic phenomena. This paper discusses Kondratiev's project on the general theory of economic dynamics as an embodiment of that methodological agenda. It also highlights a free exchange of ideas between Kondratiev and economists from different countries as a breeding ground for the emergence of the project and a necessary condition for its implementation.

Suggested Citation

  • Natalia A. Makasheva, 2021. "Kondratiev and a new methodological agenda for economics," Russian Journal of Economics, ARPHA Platform, vol. 7(1), pages 50-66, March.
    • Handle: RePEc:arh:jrujec:v:7:y:2021:i:1:p:50-66
    DOI: 10.32609/j.ruje.7.56826
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    References listed on IDEAS

    as
    1. Simon Kuznets, 1933. "Introduction to "Seasonal Variations in Industry and Trade"," NBER Chapters, in: Seasonal Variations in Industry and Trade, pages 1-6, National Bureau of Economic Research, Inc.
    2. Simon Kuznets, 1930. "Equilibrium Economics and Business-Cycle Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 44(3), pages 381-415.
    3. Simon Kuznets, 1933. "Seasonal Variations in Industry and Trade," NBER Books, National Bureau of Economic Research, Inc, number kuzn33-1, March.
    4. Wesley Clair Mitchell, 1927. "Business Cycles: The Problem and Its Setting," NBER Books, National Bureau of Economic Research, Inc, number mitc27-1, March.
    5. Simon Kuznets, 1933. "Appendices to "Seasonal Variations in Industry and Trade"," NBER Chapters, in: Seasonal Variations in Industry and Trade, pages 369-448, National Bureau of Economic Research, Inc.
    6. Wesley Clair Mitchell, 1927. "Introductory pages to "Business Cycles: The Problem and Its Setting"," NBER Chapters, in: Business Cycles: The Problem and Its Setting, pages -23, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Yulia Gruzina & Irina Firsova & Wadim Strielkowski, 2021. "Dynamics of Human Capital Development in Economic Development Cycles," Economies, MDPI, vol. 9(2), pages 1-18, May.

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    More about this item

    Keywords

    Kondratiev economic methodology economic dynamics statistical approach.;

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • B2 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925
    • B3 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals
    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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