The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Kaldor, Nicholas (1908–1986)

  • Adrian Wood
Reference work entry


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.)


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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  3. Pasinetti, L.L. 1979. Kaldor, Nicholas. In International encyclopedia of the social sciences, vol. 18 (Biographical Supplement). New York: Macmillan.Google Scholar
  4. Targetti, F. 1992. Nicholas Kaldor: The economics and politics of capitalism as a dynamic system. Oxford: Oxford University Press.Google Scholar
  5. Turner, M. 1993. Nicholas Kaldor and the real world. New York: M.E. Sharpe.Google Scholar
  6. Wood, A. 1975. The theory of profits. Cambridge: Cambridge University Press.Google Scholar

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Adrian Wood
    • 1
  1. 1.