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Nicholas Kaldor information


The Right Honourable
The Lord Kaldor
Born
Káldor Miklós

(1908-05-12)12 May 1908
Budapest, Hungary
Died30 September 1986(1986-09-30) (aged 78)
Papworth Everard, Cambridgeshire, England
NationalityBritish
Academic career
FieldPolitical economy
School or
tradition
Post-Keynesian economics
Doctoral
advisor
Allyn Abbott Young
Lionel Robbins
Doctoral
students
Frank Hahn
InfluencesJohn Maynard Keynes, Gunnar Myrdal
ContributionsKaldor–Hicks efficiency
Kaldor's growth laws
Circular cumulative causation

Nicholas Kaldor, Baron Kaldor (12 May 1908 – 30 September 1986), born Káldor Miklós, was a Hungarian economist. He developed the "compensation" criteria called Kaldor–Hicks efficiency for welfare comparisons (1939), derived the cobweb model, and argued for certain regularities observable in economic growth, which are called Kaldor's growth laws.[1] Kaldor worked alongside Gunnar Myrdal to develop the key concept Circular Cumulative Causation, a multicausal approach where the core variables and their linkages are delineated.

  1. ^ Kaldor, N. (1967) Strategic Factors in Economic Development, New York, Ithaca

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observations of previous prices. Nicholas Kaldor analyzed the model in 1934, coining the term "cobweb theorem" (see Kaldor, 1938 and Pashigian, 2008), citing...

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decreases in the total average cost of production. Nicholas Georgescu-Roegen (1966) and Nicholas Kaldor (1972) both argue that these economies should not...

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make contact with microeconomics". Post-Keynesian economists, such as Nicholas Kaldor, Luigi Pasinetti, Richard Kahn, and Joan Robinson, proposed a different...

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the economics department, hiring Friedrich von Hayek, John Hicks and Nicholas Kaldor. Robbins clashed with John Maynard Keynes in early October 1930, on...

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Austrian business cycle theory

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by many economists, including John Maynard Keynes, Piero Sraffa and Nicholas Kaldor. In 1932, Piero Sraffa argued that Hayek's theory did not explain why...

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Milton Friedman

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Friedman and Nicholas Kaldor were involved in a fierce debate in 1969–70, in which the monetarist economist had the upper hand. In 1982, Kaldor published...

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Classical economics

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as a steady-state economy.: 592–96  John Hicks & Samuel Hollander, Nicholas Kaldor, Luigi L. Pasinetti and Paul A. Samuelson have presented formal models...

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Circular cumulative causation

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Myrdal developed the concept from Knut Wicksell, and developed it with Nicholas Kaldor when they worked together at the United Nations Economic Commission...

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Jan Kregel

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studied mainly at the University of Cambridge (with Joan Robinson and Nicholas Kaldor) and Rutgers University (Ph.D. 1970 under supervision of Paul Davidson)...

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Speculation

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income or safety of principal and not eventually selling at a profit. Nicholas Kaldor has long argued for the price-stabilizing role of speculators, who...

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and 1929. He spent his summers in Budapest, as did the economist Nicholas Kaldor; Kaldor recommended that von Neumann read a book by the mathematical economist...

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devaluation of the pound under Harold Wilson. While at the Treasury he met Nicholas Kaldor, who persuaded him to move to Cambridge University where he became...

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Greg Mankiw

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Nicholas Gregory Mankiw (/ˈmænkjuː/; born February 3, 1958) is an American macroeconomist who is currently the Robert M. Beren Professor of Economics at...

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Joan Robinson

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paths. Afterwards, she developed the Cambridge growth theory with Nicholas Kaldor. She was elected a Foreign Honorary Member of the American Academy...

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Stylized fact

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(link) Kaldor, Nicholas (1957). "A Model of Economic Growth". The Economic Journal. 67 (268): 591–624. doi:10.2307/2227704. JSTOR 2227704. Kaldor 1961,...

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Marshall Society

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of the society include economists such as John Maynard Keynes and Nicholas Kaldor, as well as political figures such as Manmohan Singh. At present, the...

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Import Duties Act 1932

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33% for various goods shortly after the Act was passed. According to Nicholas Kaldor these tariffs encouraged domestic substitution for imports, increasing...

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Godley Myron J. Gordon Geoff Harcourt Michael Hudson Richard Kahn Nicholas Kaldor Michał Kalecki Steve Keen Jan Kregel Marc Lavoie Abba P. Lerner Hyman...

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