Nicholas Kaldor


The Lord Kaldor
Born
Káldor Miklós

(1908-05-12)12 May 1908
Budapest, Hungary
Died30 September 1986(1986-09-30) (aged 78)
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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