Nicholas Kaldor Baron Kaldor (born Káldor Miklós) (12 May 1908 – 30 September 1986) was one of the foremost Cambridge economists in the post-war period. He developed the famous compensation criteria called Kaldor–Hicks efficiency for welfare comparisons (1939) derived the famous cobweb model and argued that there were certain regularities that are observable as far as economic growth is concerned Kaldor’s growth laws.
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