Strategic factors in economic development, Nicholas Kaldor
As the economist Nicholas Kaldor
pointed out long ago, because manufacturing has higher returns to scale than services, manufacturing exporters tend to beat service exporters.
Y, en tiempos modernos, tambien Simon Kuznets, Albert Hirschman, Nicholas Kaldor
y Raul Prebisch.
Cambridge economist Nicholas Kaldor
likened the pattern to a spider's web, giving rise to the popular name for cobweb models.
Abstract: This paper pays tribute to Luigi Pasinetti as an historian of economic thought in general but, in particular, to his work on the Cambridge economists, and his interpretations mainly of Piero Sraffa and John Maynard Keynes, but also of Richard Kahn, Joan Robinson and Nicholas Kaldor
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.
When he moved to Trinity College in 1953, Cambridge was dominated by a polarized debate between the Keynesians, such as Nicholas Kaldor
and Joan Robinson, and neo-classicists, such as A.
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.
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.