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The boom and bust cycle explained

Boom and bust – every half a century

Working as a finance official in the newly-established Soviet Union, Kondratieff was researching the fundamental flaws of the capitalist system when he made his powerful discovery. Through his study of price and production trends over many centuries, he noticed a repeating pattern of upswings and downswings occurring at roughly 50-year intervals.

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By Dominic Picarda,
11 December 2009

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