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About Nicholas Kaldor
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.
Everything about Nicholas Kaldor →- Occupation
- economist, politician, university teacher
- Position held
- member of the House of Lords
- Citizenship
- Hungary, United Kingdom
- Born
- May 12, 1908
- Died
- September 30, 1986