Institute of Conjuncture
Encyclopedia
The Institute of Conjuncture
Conjuncture
In general, a conjuncture is a period marked by some watershed event which separates different epochs.In economics, conjuncture is a critical combination of events....

was founded in Moscow in October 1920 by Nikolai Kondratiev
Nikolai Kondratiev
Nikolai Dmitriyevich Kondratiev , Russian: Николай Дмитриевич Кондратьев , was a Russian economist, who was a proponent of the New Economic Policy in the Soviet Union....

as a center for the study of business cycles. As its first director, Kondratiev managed to develop the institute, from just a couple of scientists at its beginning, into a large and respected institution with 51 researchers in 1923.
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