Oparin presented his very detailed critique of Kondratiev’s analysis of long cycles, the most rigorous critique produced during NEP, and this encounter was the high-point of the debate on long cycles which occurred in the USSR in the 1920s. Ignatiev, and the meeting was chaired by S.A. This was a grand affair as the paper was discussed and criticised by many eminent economists such as V.A. On 6 February 1926 Kondratiev read an expanded and revised version of his account of long cycles in the Institute of Economics in Moscow. Kondratiev’s first paper devoted specifically to long cycles was published in Questions of Conjuncture (Voprosy kon”yunktury) in 1925, and a version of this paper was translated and published in The Review of Economic Statistics in 1935. Kondratiev first mentioned the idea of long cycles in print in the mono-graph The World Economy and its Conjuncture During and After the War (Mirovoe khozyaistvo i ego kon”yunktury vo vremya i posle voiny) published in 1922, and an account of this pioneering presentation is given below.
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