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Nicholas Kaldor and Critical Realism

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  • Therese Jefferson
  • John King

Abstract

Kaldor was among the first Post Keynesians to be identified by Tony Lawson as a forerunner of critical realism, and there are some insights to be gained by considering why this was so. Kaldor's arguments about stylised facts and theory building also provide an opportunity to consider issues of research method. We suggest some criteria that might be used to assess whether a research program is broadly consistent with a critical realist agenda. We then examine Kaldor's contributions to see whether his theoretical and empirical insights fit these criteria. In doing so, we identify several key areas of interest that extend methodological discussion in useful directions. We conclude that Lawson was broadly correct: Kaldor was indeed a forerunner of critical realism.

Suggested Citation

  • Therese Jefferson & John King, 2009. "Nicholas Kaldor and Critical Realism," Review of Political Economy, Taylor & Francis Journals, vol. 21(3), pages 463-480.
    • Handle: RePEc:taf:revpoe:v:21:y:2009:i:3:p:463-480
    DOI: 10.1080/09538250903073537
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    References listed on IDEAS

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    1. Targetti, Ferdinando, 1992. "Nicholas Kaldor: The Economics and Politics of Capitalism as a Dynamic System," OUP Catalogue, Oxford University Press, number 9780198283485.
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    Cited by:

    1. Anthony Thirlwall, 2017. "Nicholas Kaldor’s Insights into the Applied Economics of Growth (or Why I Became a Kaldorian)," a/ Working Papers Series 1701, Italian Association for the Study of Economic Asymmetries, Rome (Italy).
    2. Paolo Paesani & Annalisa Rosselli, 2014. "The Case for a Supra-national Control on Commodities in the post WWII World: Novel Perspectives from FAO and Kaldor Archives," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2014(1), pages 5-30.
    3. Daniel Schiffman, 2014. "Richard Kahn and Israeli Economic Policy, 1957 and 1962," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2014(1), pages 31-73.
    4. John E. King, 2010. "Kaldor and the Kaldorians," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 7, Edward Elgar Publishing.
    5. John Edward King, 2016. "Nicholas Kaldor after thirty years," PSL Quarterly Review, Economia civile, vol. 69(277), pages 107-277.

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