Nicholas Kaldor: The Economics and Politics of Capitalism as a Dynamic System

Hardcover | April 30, 1999

byFerdinando TargettiEditorFerdinando Targetti

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Nicholas Kaldor (1908-1986) was one of this century's most original thinkers on economics, his influence on British economic policy second only to that of Keynes. This book traces the development of Kaldor's thought as it underwent a remarkable evolution from his membership of the Austrian neoclassical school to his embracing of radical Keynesianism. He was also extremely quick to grasp essential changes in economic reality and to forge analytical tools toexplain them. Although he was innovative from 1938 onwards, much of his seminal work belongs to a coherent project of research which made him, together with Joan Robinson and Michal Kalecki, a leading representative of the post-Keynesian school, an outstanding critic of the neoclassical theory ofequilibrium, growth, and distribution, and a convinced opponent of the monetarist school. The book also seeks to show how economic policy and political economy were closely connected in Kaldor's work. It was this that made Kaldor one of the most lucid and radical champions of the economic policies which, by blending political freedom with social justice, have been the outstandingfeature of the great European tradition of social democracy.

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From Our Editors

Nicholas Kaldor (1908-1986) was one of this century's most original economic thinkers. His influence on British economic policy was second only to that of Keynes. This book traces the development of Kaldor's thought which underwent a remarkable evolution from his membership of the Austrian neoclassical school to his embracing of radica...

From the Publisher

Nicholas Kaldor (1908-1986) was one of this century's most original thinkers on economics, his influence on British economic policy second only to that of Keynes. This book traces the development of Kaldor's thought as it underwent a remarkable evolution from his membership of the Austrian neoclassical school to his embracing of radic...

From the Jacket

This book traces the development of Kaldor's thought which underwent a remarkable evolution from his membership of the Austrian neoclassical school to his embracing of radical Keynesianism.

Ferdinando Targetti is at Bocconi University, Milan.
Format:HardcoverDimensions:416 pages, 9.21 × 6.14 × 1.18 inPublished:April 30, 1999Publisher:Oxford University Press

The following ISBNs are associated with this title:

ISBN - 10:0198283482

ISBN - 13:9780198283485

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From Our Editors

Nicholas Kaldor (1908-1986) was one of this century's most original economic thinkers. His influence on British economic policy was second only to that of Keynes. This book traces the development of Kaldor's thought which underwent a remarkable evolution from his membership of the Austrian neoclassical school to his embracing of radical Keynesianism. He was quick to grasp essential changes in economic reality and to forge analytical tools to explain them. Although he was innovative from 1938 onwards, much of Kaldor's seminal work belongs to a coherent body of research which made him, together with Joan Robinson and Michael Kalecki, the leading representatives of the post-Keynesian school, an outstanding critic of the neoclassical theory of equilibrium, growth and distribution, and a convinced opponent of the monetarist school. The book also shows how economic policy and political economy were closely connected in Kaldor's work. It was this that made Kaldor one of the most lucid and radical champions of the economic policies which, by blending political freedom wit

Editorial Reviews

`Excellent book.'Kyklos