The Long Waves In Economic Life Quotes

“Scientific-technical inventions in themselves, however, are insufficient to bring about a real change in the technique of production. They can remain ineffective so long as economic conditions favorable to their application are absent.”
― Nikolai D. Kondratieff, The Long Waves In Economic Life

“wars and revolutions do not come out of a clear sky, and they are not caused by arbitrary acts of individual personalities. They originate from real, especially economic, circumstances... Much more probable is the assumption that wars originate in the acceleration of the pace and the increased tension in economic life, in the heightened economic struggle for markets and raw materials, and that social shocks happen most easily under the pressure of new economic forces.”
― Nikolai D. Kondratieff, The Long Waves In Economic Life