“…Of special interest is the "first empirical regularity" discovered by Kondratieff: "during the recession of the long waves, an especially large number of important discoveries and inventions in the technique of production and communication are made, which, however, are usually applied on a large scale only at the beginning of the next long upswing" (Kondratieff, 1935: 111), as it connected causes of the economic growth acceleration/deceleration with the innovation rhythms, which served as a basis for the development of the "clustersof-innovations" version of the Kondratieff wave (K-wave) theory proposed by Joseph Schumpeter (1939). This further developed into theory suggesting that every new Kondratieff wave corresponds to a new technological paradigm (see, e.g., Volland, 1987;Modelski and Thompson, 1996;Berry, 2000;Modelski, 2001Modelski, , 2006Freeman and Louçã, 2001;Perez, 2002;Wymbs, 2004;Devezas et al, 2005;Ayres, 2006;Kleinknecht and van der Panne, 2006;Dator, 2006;Hirooka, 2006;Papenhausen, 2008;Korotayev et al, 2011;Linstone and Devezas, 2012;Nefiodow, 1996;Nefiodow, 2014a, 2014b;Wilenius and Casti, 2014). On this basis, many K-wave students forecast that the unfolding of the new (sixth) Kondratieff wave will be accompanied by the formation of the new (sixth) technological paradigm.…”