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Nicholas Kaldor

economist

Nicholas Kaldor

Hungarian-British economist

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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.

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Facts from Wikidata (CC0). Image by London School of Economics via Wikimedia Commons (Public domain).

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

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