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Not the Devil’s Decade: Nicholas Kaldor in the 1930s

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  • J. E. King

Abstract

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.

Suggested Citation

  • J. E. King, 2007. "Not the Devil’s Decade: Nicholas Kaldor in the 1930s," History of Economics Review, Taylor & Francis Journals, vol. 46(1), pages 39-61, January.
    • Handle: RePEc:taf:rherxx:v:46:y:2007:i:1:p:39-61
    DOI: 10.1080/18386318.2007.11682109
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