Nicholas Kaldor

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Nicholas Kaldor, Baron Kaldor (Budapest, 12 May 1908 - Papworth Everard, Cambridgeshire, 30 September 1986) was one of the foremost Cambridge economists in the post-war period. He developed the famous "compensation" criteria called Kaldor-Hicks efficiency for welfare comparisons (1939).

Kaldor was educated in Budapest, Berlin, and at the London School of Economics, where he subsequently became a lecturer. After service in World War II, he held a senior post with the Economic Commission for Europe. By 1963, he was also an advisor to Labour governments of the UK and several other countries, producing some of the earliest memoranda regarding the creation of Value added tax. In 1966, he became professor of economics at the University of Cambridge. In 1974, Kaldor was made a life peer as Baron Kaldor, of Newnham in the City of Cambridge.

[edit] Works

The Case Against Technical Progress, 1932, Economica
The Determinateness of Static Equilibrium, 1934, RES
The Equilibrium of the Firm, 1934, EJ
Market Imperfection and Excess Capacity, 1935, Economica
Pigou on Money Wages in Relation to Unemployment, 1937, EJ
Welfare Propositions in Economics, 1939, EJ
Speculation and Economic Stability, 1939, RES
Capital Intensity and the Trade Cycle, 1939, Economica
A Model of the Trade Cycle, 1940, EJ
Professor Hayek and the Concertina Effect, 1942, Economica
The Relation of Economic Growth and Cyclical Fluctuations, 1954 EJ
An Expenditure Tax, 1955.
Alternative Theories of Distribution, 1956, RES
A Model of Economic Growth, 1957, EJ
Monetary Policy, Economic Stability, and Growth, 1958.
Economic Growth and the Problem of Inflation, 1959, Economica.
A Rejoinder to Mr. Atsumi and Professor Tobin, 1960, RES
Keynes's Theory of the Own-Rates of Interest, 1960, in Kaldor, 1960.
Essays on Value and Distribution, 1960.
Essays on Economic Stability and Growth, 1960.
Capital Accumulation and Economic Growth, 1961, in Lutz, editor, Theory of Capital
A New Model of Economic Growth, with James A. Mirrlees, 1962, RES
The Case for a Commodity Reserve Currency, with A.G. Hart and J. Tinbergen, 1964, UNCTAD
Essays on Economic Policy, 1964, two volumes.
Causes of the Slow Rate of Economic Growth in the UK, 1966.
The Case for Regional Policies, 1970, Scottish JE.
The New Monetarism, 1970, Lloyds Bank Review
Conflicts in National Economic Objectives, 1970, EJ
The Irrelevance of Equilibrium Economics, 1972, EJ
What is Wrong with Economic Theory, 1975, QJE
Inflation and Recession in the World Economy, 1976, EJ
Equilibrium Theory and Growth Theory, 1977, in Boskin, editor, Economics and Human Welfare.
Capitalism and Industrial Development, 1977, Cambridge JE
Further Essays on Economic Theory, 1978.
The Role of Increasing Returns, Technical Progress and Cumulative Causation..., 1981, Economie Appliquee
Fallacies on Monetarism, 1981, Kredit und Kapital.
The Scourge of Monetarism, 1982.
The Role of Commodity Prices in Economic Recovery, 1983, Lloyds Bank Review
Keynesian Economics After Fifty Years, 1983, in Trevithick and Worswick, editors, Keynes and the Modern World
Economics Without Equilibrium, 1985.