Cambridge economist Nicholas Kaldor
likened the pattern to a spider's web, giving rise to the popular name for cobweb models.
The book explores the nature of real competition as opposed to perfect competition and lays out the evidence found by economic historians questioning the authenticity of the "stylized facts" put forward by Nicholas Kaldor
as canonical truths.
The driving spirit here was Nicholas Kaldor
, Reader and then Professor of Economics at Cambridge:
Possibly because Hayek didn't directly respond to the General Theory, some of the younger Hayek acolytes, such as John Hicks, Abba Lerner, and Nicholas Kaldor
, went over to the Keynesian side.
In mid-1960s Great Britain, Nicholas Kaldor
, the world-class Cambridge economist and an influential adviser to the Labor Party, raised an alarm over "deindustrialization.
In the UK of the mid-1960s, Nicholas Kaldor
, the world-class Cambridge economist and an influential adviser to the Labour Party, raised an alarm over "deindustrialization.
Beginning with the pioneering contributions of Thorstein Veblen, economists such as Allyn Young, Gunnar Myrdal, Nicholas Kaldor
and William Kapp have sought to embed the CCC principle at the core of an alternative political economy.
Back in the 1960s, only a tiny handful of economists (including the first Council of Economic Advisers chair Leon Keyserling, Robert Eisner, Nicholas Kaldor
in Britain, and my father) would have admitted to holding that view.
Specifically, he mentions proposals by Nicholas Kaldor
and the retail sales tax: nobody saw the former as credible and it was problems with the latter that led some countries to adopt the VAT.
Geoffrey Harcourt thinks that Nicholas Kaldor
, Joan Robinson, Pierro Sraffa, Michael Kalecki, and Luigi Pasinetti are the "really seminal people among the post-Keynesians.
It was after the other man had left that Colin Legum casually informed me that he was Nicholas Kaldor
, a Hungarian economist whom Dr Nkrumah had imported to help him with the budget.
Which brings us to Professor Nicholas Kaldor
of Cambridge University in England.