Not-so-brilliant Orange: Part 1

Just before the Great Depression of the 20th century, Nikolai Kondratieff became famous for his theory on economic cycles. The Russian economist had noticed how the world economy behaved in long and repeated waves of expansion, stagnation and recession. Two Dutch scientists had published this idea in 1913, but their articles were only recently translated to English. That is why Kondratieff ended up providing the name for the economic cycles and not Amsterdammers Jacob van Gelderen and Sam de Wolff.

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