Nicholas Kaldor, Baron Kaldor, born Káldor Miklós, was a Hungarian-born British economist.
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Non-linear I and S functions generated by different behavior at different parts of the cycle
Non-linear I and S functions lead to multiple, shifting equilibria.
Shifting, multiple equilibria lead to six-stage business cycle in which the economy oscillates around optimal income growth and generates phases of boom and bust.Awards 2
In their orbit 1
Connected to Nicholas 6
Roger GuilleminAlso won doctor honoris causa from the University of Dijon
J. William FulbrightAlso won doctor honoris causa from the University of Dijon
Theodore SchultzAlso won doctor honoris causa from the University of Dijon
Ulf Svante von Euler-ChelpinAlso won doctor honoris causa from the University of Dijon
Henri PirenneAlso won doctor honoris causa from the University of Dijon
Oskar LangeAlso won doctor honoris causa from the University of DijonAbout this person
Nicholas Kaldor, Baron Kaldor, 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. 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.
Category
Academics
Type
Academic
Status
deceased
Dates
Lived 1908 to 1986 · aged 78
Written about in
25 languages
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