Institute of Conjuncture

The Institute of Conjuncture was founded in Moscow in 1920 by Nikolai Kondratiev as a center for the study of business cycles.[1][2][3] As its first director, Kondratiev managed to develop the institute, from just a couple of scientists at its beginning, into an institution with 51 researchers in 1923. In 1928, the institute was dissolved after the New Economic Policy was replaced with a planned economy.

History

The institute was organized in October 1920 by Nikolai Kondratiev following his arrival in Moscow following a brief stint in jail. It was at the Institute of Conjuncture that Kondratiev drew up his Five Year Plan for Agriculture. In the 1920s, the Institute of Conjuncture circulated the Economic Bulletin of the Conjuncture Institute which included an index of retail prices, economic indicators, and theoretical articles.[4] Though the institute had few researchers at formation, by 1923 it had become a respected institution with fifty-one researchers associated with it.[5] With the collapse of the NEP and the transition to a planned economy, the Institute closed in 1928.[6]

References

  1. ↑ Kondratieff, N. D. (1925). "The Conjuncture Institute at Moscow". The Quarterly Journal of Economics. 39 (2): 320–324. doi:10.2307/1884878. ISSN 0033-5533.
  2. ↑ Barnett, Vincent (1995). "A Long Wave Goodbye: Kondrat'ev and the Conjuncture Institute, 1920-28". Europe-Asia Studies. 47 (3): 413–441. ISSN 0966-8136.
  3. ↑ Klein, Judy (1999). "The rise of "non-October" econometrics: Kondratiev and Slutsky at the Moscow Conjuncture Institute". History of Political Economy.
  4. ↑ Jasny, Naum (1972). SovietEconomists of the Twenties: Names to be Remembered. Cambridge University Press. pp. 163–164. ISBN 978-0-521-08302-7.
  5. ↑ Freeman, Christopher; Louçã, Francisco (2002). As time goes by: from the industrial revolutions to the information revolution. Oxford: Oxford University Press. p. 67. ISBN 978-0-19-924107-1.
  6. ↑ Mann, Stefan, ed. (2011). Sectors Matter!: Exploring Mesoeconomics. Berlin, Heidelberg: Springer Berlin Heidelberg. pp. 19–20. doi:10.1007/978-3-642-18126-9. ISBN 978-3-642-18125-2.
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