Article 4: Not the Devil’s Decade: Nicholas Kaldor in the 1930s
| Art der Veröffentlichung: | Artikel |
| Zitat: | |
| Journal: | History of Economics Review |
| Band: | Summer |
| Nummer: | 46 |
| Jahr: | 2007 |
| Seiten: | 39-61 |
| ISSN: | 1037-0196 |
| Abriss: | At the beginning of the 1930s Nicholas Kaldor (1908-1986) was a third-year undergraduate student at the London School of Economics. By the end of the decade he was an established economic theorist with an international reputation and a string of well-received publications to his name. In this paper I focus on Kaldor’s four most important articles from this period: his 1934 paper on the nature of equilibrium theorising; two pieces from 1939, on the compensation principle in welfare economics and on money, finance and the consequences of speculative behaviour; and the 1940 paper setting out his Keynesian model of the trade cycle. All four articles, I argue, are of considerable continuing interest. |
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