Kondratieff Wave
Categories: Metrics
You know when section AA104 all suddenly stands up at the football game; then section AA103 follows, then section AA102, and so on?
Yeah. That's not at all what this is.
A Kondratieff Wave is a wave of long-term prosperity for the economy, thanks to technological innovation. The creator, Russian economist Nikolai Kondratieff, noticed that certain commodity prices went through long-term cycles, with technology having positive, long-term effects on the economy. He theorized, like Darwin theorized in nature, that markets evolved and corrected themselves over time.
Economists are generally into the idea of Kondratieff Waves, also known as supercycles, since they’re basically modeling the long-term effects of technology. The steam engine, steel industry, railroads, chemical industry, oil, electricity...and finally, information technology...are all technological innovations that led to long-term economic growth cycles.
We’ll ride the Kondratieff Waves as long as we can, dude. Surf's up.