Though the researchers of the theory of long and medium-term cycles are certainly worried about the economic situation, they understand that the cyclicity still remains an inevitable attribute of economic development. And Juglar's aphorism that crisis is a consequence of the preceded prosperity is still true. In this third issue of the Yearbook ‘Kondratieff Waves’ with the subtitle ‘Cycles, Crises, and Forecasts’, we present a number of insight contributions on nature, egularities, and interconnections among cycles of different duration. Some economic cycles may result in a severe economic crisis. The current one shows once again the importance of the study of cyclical dynamics and its peculiarities. Between the 1980s and 1990s the Keynesian receipts were replaced by neoliberal and monetarist ones which seemed to be miraculous as well. The depleted growth was marked with the largest global crisis of 2008 which also showed that within globalization when regulation in the international arena is impossible yet, there recur the signs of Juglar cycles of the 19th and first half of the 20th centuries with their uncontrollable upwards and sharp declines evolving into collapses and panic. This is supported by the fact that for eight years the world has been at the depressive phase. This edition will be useful for economists, social scientists, as well as for a wide range of those interested in the problems of the past, present, and future of global economy and globalization. This research has been supported by the Russian Foundation for the Humanities (Project No 16-02-14053 г).

A study of the Kondatieff Wave Theory in light of current evidence and experience. The book is aimed at anyone interested in general economic history, economic theory and business cycles, and Kondratieff cultists.

Kondratieff waves constitute a sort of mystery that has been haunting economic and social researchers for almost a century. Why do we observe such regularity in the long-term behavior of economic and non-economic indicators? Why in certain periods do we observe prolonged upswings, whereas in other periods – notwithstanding all the enormous efforts of interested macroeconomic actors – economic development is accompanied by prolonged depressions? What gets out of order in social and economic mechanisms? Since the seminal works published by Kondratieff, a number of outstanding researchers have made significant contributions to our understanding of the possible factors affecting and provoking long-term fluctuations of human economic affairs. On the other hand, it has become more and more clear that K-waves influence many social-related processes. However, nobody appears to have found yet an entirely satisfactory solution of ‘Kondratieff's mystery’, and it continues to attract researchers. That is why we have decided to try to unite the forces of such researchers around the new almanac. This first issue offers a wide panorama of views on the Kondratieff waves' phenomenon; here one can also find information on Kondratieff’s life and works. This edition will be useful for economists, social scientists, as well as for a wide circle of those interested in the problems of the past, present, and future of world economics and globalization.

This fifth issue of the Yearbook ‘Kondratieff Waves’ has the subtitle ‘Historical and Theoretical Aspects’, as its papers cover some interesting aspects of long-wave dynamics both in historical trends and in theoretical researches. The Yearbook consists of three sections. The first section (Theoretical Aspects) includes two articles devoted to the correlation between the long waves and much longer cycles, i.e. the Industrial and the Cybernetic revolutions. The second section (Historical Aspects) presents three contributions which consider the history of the USA, technological activity since the Middle Ages and some little-known aspects of the history of long-wave dynamics research. The final section (Reviews, Notes, and Reflections) includes two reviews. This issue will be useful for economists, social scientists, as well as for a wide range of those interested in the problems of the past, present, and future of global economy and globalization.

This fourth issue of the Yearbook ‘Kondratieff Waves’ has the subtitle ‘The Spectrum of Opinions’, as its papers cover a whole range of problems. The Yearbook consists of three sections. The Introduction of this issue is dedicated to Nikolai Kondratieff's ideas which still are important to an analysis of the world economic situation. The first section (Long Waves in the Context of World Economy and Politics) includes five contributions devoted to the study of different spheres from economy to jihadism. The speeches of Kondratieff medal laureates are published in the second section (Kondratieff Medal: Winners' Speeches). It presents a very impressive collection of different views of well-known and young researchers. The last section (Reviews and Notes) includes Antony Harper's re view of Leonid Grinin, Andrey Korotayev and Arno Tausch's monograph ‘Economic Cycles, Crises, and the Global Periphery’ published by Springer International Publishing. This issue will be useful for economists, social scientists, as well as for a wide range of those interested in the problems of the past, present, and future of global economy and globalization.

Considerable progress has been made in understanding the underlying mechanisms driving the long-wave behaviour of the world socioeconomic development. A controversial mechanism discussed is the close relationship between K-waves and the outbreak of majors wars.

Fischer has examined price records in many nations, and finds that great waves of rising prices in the 13th-, 16th-, 18th-, and 20th centuries were all marked by price swings of increasing volatility, falling wages, a growing gap between rich and poor, and an increase in violent crime, family disintegration, and cultural despair. 109 graphs & charts. 7 maps.