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MENTAL MODEL · M4014

Kondratiev Winter

Kondratiev Winter
BusinessHigh supportMacroeconomics
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Version 1.0.0 · Updated 2026-07-28

CORE DEFINITION

In economics, Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are hypothesized cycle-like phenomena in the modern world economy. The phenomenon is closely connected with the technology life cycle.

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In economics, Kondratiev waves (also called supercycles, great surges, long waves, K-waves or the long economic cycle) are hypothesized cycle-like phenomena in the modern world economy. The phenomenon

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The 'winter' of the long wave refers to the downward phase: the old paradigm's momentum is exhausted, investment is low, old institutions are rigid while the new paradigm has not yet become dominant, accompanied by crises and restructuring. It is a painful period of breaking the old and establishing the new.

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Source support: Explicit

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    en.wikipedia.orghttps://en.wikipedia.org/wiki/Kondratiev_waveZH · Explicit
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