Abstract
Nicholas Kaldor was born in Budapest. From 1927 to 1947 he studied and taught at the London School of Economics. Then, following two years at the Economic Commission for Europe in Geneva, he moved to Cambridge University, where he became a fellow of King’s College and, in 1966, professor of economics. He was elevated to the peerage in 1974, as Baron Kaldor of Newnham. (For more biographical information, see Kaldor 1960–89, vol. 1, pp. vii–xxxi, and Pasinetti 1979.)
Keywords
- Buffer stocks
- Capital theory
- Cobweb theorem
- Compensation tests
- Decreasing returns
- Distribution theory
- Division of labour
- Economic growth
- Entrepreneurship
- Excess capacity
- Expenditure tax
- Firm, theory of
- Foreign trade multiplier
- Imperfect competition
- Incomes policies
- Increasing returns
- Infant-industry protection
- Kaldor, N.
- Labour productivity
- Money supply
- Multiplier–accelerator models
- Nominal wages
- Non-price competition
- Oligopoly
- Polypoly
- Price formation
- Price leadership
- Real wages
- Relative wages
- Roundaboutness
- Steady-state models
- Tariffs
- Technical change
- Terms of trade
- Trade cycles
- Uneven development
- Verdoorn’s Law
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Nell, E., and W. Semmler, eds. 1991. Nicholas kaldor and mainstream economics: Confrontation or Convergence? New York: St. Martin.
Pasinetti, L.L. 1962. Rate of profit and income distribution in relation to the rate of economic growth. Review of Economic Studies 29: 267–279.
Pasinetti, L.L. 1979. Kaldor, Nicholas. In International encyclopedia of the social sciences, vol. 18 (Biographical Supplement). New York: Macmillan.
Targetti, F. 1992. Nicholas Kaldor: The economics and politics of capitalism as a dynamic system. Oxford: Oxford University Press.
Turner, M. 1993. Nicholas Kaldor and the real world. New York: M.E. Sharpe.
Wood, A. 1975. The theory of profits. Cambridge: Cambridge University Press.
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Wood, A. (2018). Kaldor, Nicholas (1908–1986). In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_813
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DOI: https://doi.org/10.1057/978-1-349-95189-5_813
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