Nicholas Kaldor

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Kaldor, Nicholas


Born May 12, 1908, in Budapest. British economist.

Beginning in 1932, Kaldor was an instructor at the London School of Economics; later he taught at Cambridge University. After World War II he worked in the Economic Commission for Europe (an agency of the United Nations) and was an economic and financial adviser to a number of Asian, African, and Latin American countries. From 1966 to 1970, Kaldor served as chief adviser to the chancellor of the exchequer in the Labor government in Great Britain. Kaldor has written works on economic growth, employment, and inflation. His models for “balanced growth” are primarily technical and do not reflect the internal contradictions of the capitalist mode of production.


Quantitative Aspects of the Full Employment Problem in Britain. [No place] 1944.
Essays in Economic Stability and Growth. London, 1960.
Essays on Value and Distribution. London–Glencoe, 111., 1960.
Essays on Economic Policy, vols. 1–2. New York, 1965.
References in periodicals archive ?
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.