Institute of Conjuncture

The Institute of Conjuncture was founded in Moscow in 1920 by Nikolai Kondratiev 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 an institution with 51 researchers in 1923. In 1928, the Institute was dissolved after the New Economic Policy was replaced with a planned economy.