The Lord Kaldor | |
|---|---|
 | |
| Born | Káldor Miklós 12 May 1908 Budapest, Hungary |
| Died | 30 September 1986 (aged 78) Papworth Everard, Cambridgeshire, England |
| Nationality | British |
| Academic career | |
| Field | Political economy |
| School or tradition | Post-Keynesian economics |
| Doctoral advisor | Allyn Abbott Young Lionel Robbins |
| Doctoral students | Frank Hahn |
| Influences | John Maynard Keynes, Gunnar Myrdal |
| Contributions | Kaldor–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-born British 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.
- ^ Kaldor, N. (1967) Strategic Factors in Economic Development, New York, Ithaca