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ECONOMIC GROWTH IN THEORY AND PRACTICE
A Kaldorian Perspective
9781852789558 Edward Elgar Publishing
This title contains a selection of articles on and by Nicholas Kaldor which concentrate on his theoretical and applied economics of growth. Part 1 features an autobiographical article by Kaldor, three biographical sketches, and a hitherto unpublished conversation with A.P. Thirlwall on Kaldor’s life and work. Part 2 includes his early contributions to steady-state growth theory, including two of his best-known models, a number of critical appraisals, and Kaldor’s replies. Part 3 deals with his long flirtation with Verdoorn’s Law, while the articles in Part 4 cover the last stage of Kaldor’s thinking on growth and concentrate on world economy models of increasing returns and export-constrained growth.
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Critical Acclaim
Contributors
Contents
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This volume contains a selection of articles on and by Nicholas Kaldor which concentrate on his theoretical and applied economics of growth. Part 1 features an autobiographical article by Kaldor, three biographical sketches, and a hitherto unpublished conversation with A.P. Thirlwall on Kaldor''s life and work. Part 2 includes his early contributions to steady-state growth theory, including two of his best-known models, a number of critical appraisals, and Kaldor''s replies. Part 3 deals with his long flirtation with Verdoorn''s Law, while the articles in Part 4 cover the last stage of Kaldor''s thinking on growth and concentrate on world economy models of increasing returns and export-constrained growth.
Critical Acclaim
‘This is a well-edited book in which the interested reader can find almost all the important papers on the Kaldorian approach to economic growth. Thus the book merits a place in the library of all those who are seriously interested in theoretical and empirical aspects of the subject.’
– S.A. Drakpoulos, Economic Journal
– S.A. Drakpoulos, Economic Journal
Contributors
52 articles, dating from 1954 to 1992
Contributors: M. Chatterji, G.C. Harcourt, N. Kaldor, R.E. Rowthorn, A.P. Thirlwall
Contributors: M. Chatterji, G.C. Harcourt, N. Kaldor, R.E. Rowthorn, A.P. Thirlwall
Contents
PART I
NICHOLAS KALDOR
1. Nicholas Kaldor (1986), ‘Recollections of an Economist’
2. Luigi L. Pasinetti (1983), ‘Nicholas Kaldor: A Few Personal Notes’
3. G.C. Harcourt (1988), ‘Nicholas Kaldor, 12 May 1908 - 30 September 1986’
4. Mark Blaug (1990), ‘Nicholas Kaldor, 1908 - 86’
5. A.P. Thirlwall (1992), ‘Talking About Kaldor’
PART II
THE CAMBRIDGE GROWTH THEORIST
6. Nicholas Kaldor (1954), ‘The Relation of Economic Growth and Cyclical Fluctuations’
7. Nicholas Kaldor (1957), ‘A Model of Economic Growth’
8. Nicholas Kaldor and James A. Mirrlees (1962), ‘A New Model of Economic Growth’
9. Kurt W. Rothschild (1959), ‘The Limitations of Economic Growth Models: Critical Remarks on Some Aspects of Mr. Kaldor’s Model’
10. Ronald Findlay (1960), ‘Economic Growth and the Distributive Shares’
11. Nicholas Kaldor (1960), ‘A Rejoinder to Mr. Findlay’
12. José Encarnación, Jr. (1962), ‘Overdeterminateness in Kaldor’s Growth Model’
13. N. Kaldor (1962), ‘Overdeterminateness in Kaldor’s Growth Model: A Comment’
14. G.C. Harcourt (1963), ‘A Critique of Mr. Kaldor’s Model of Income Distribution and Economic Growth’
15. K. Kubota (1968), ‘A Re-Examination of the Existence and Stability Propositions in Kaldor’s Growth Models’
16. B.T. McCallum (1969), ‘The Instability of Kaldorian Models’
17. D. Mario Nuti (1969), ‘The Degree of Monopoly in the Kaldor-Mirrlees Growth Model’
18. Joan Robinson (1969), ‘A Further Note’
19. Nicholas Kaldor (1970), ‘Some Fallacies the Interpretation of Kaldor’
20. K. Kubota (1970), ‘A Comment on Kaldor’s Note’
21. D.G. Champernowne (1971), ‘The Stability of Kaldor’s 1957 Model’
22. F.H. Hahn (1989), ‘Kaldor on Growth’
PART III
THE ROMANCE WITH VERDOORN
23. Nicholas Kaldor (1966), ‘Causes of the Slow Rate of Economic Growth of the United Kingdom’
24. J.N.Wolfe (1968), ‘Productivity and Growth in Manufacturing Industry: Some Reflections on Professor Kaldor’s Inaugural Lecture’
25. Nicholas Kaldor (1968), ‘Productivity and Growth in Manufacturing Industry: A Reply’
26. Jorge M. Katz (1968), ‘“Verdoorn Effects”, Returns to Scale, and the Elasticity of Factor Substitution’
27. R.E. Rowthorn (1975), ‘What Remains of Kaldor’s Law?’
28. Nicholas Kaldor (1975), ‘Economic Growth and the Verdoorn Law: A Comment on Mr. Rowthorn’s Article’
29. R.E. Rowthorn (1975), ‘A Reply to Lord Kaldor’s Comment’
30. John Cornwall (1976), ‘Diffusion, Convergence and Kaldor’s Laws’
31. A. Parikh (1978), ‘Differences in Growth Rates and Kaldor’s Laws’
32. R.E. Rowthorn (1979), ‘A Note on Verdoorn’s Law’
33. P.J.Verdoorn (1980), ‘Verdoorn’s Law in Retrospect: A Comment’
34. A.P. Thirlwall (1980), ‘Rowthorn’s Interpretation of Verdoorn’s Law’
35. P. Stoneman (1979), ‘Kaldor’s Law and British Economic Growth: 1800-1970’
36. J.S.L. McCombie (1980), ‘On the Quantitative Importance of Kaldor’s Laws’
37. M. Chatterji and M. Wickens (1981), ‘Verdoorn’s Law - The Externalities Hypothesis and Economic Growth in the U.K.’’
38. N. Kaldor (1981), ‘Discussion’ [of Chatterji and Wickens]
39. J.S.L.McCombie (1981), ‘What Still Remains of Kaldor’s Laws?’
40. A.P. Thirlwall (1983), ‘Introduction’ [to ‘Symposium on Kaldor’s Growth Laws]’
41. A.P. Thirlwall (1983), ‘A Plain Man’s Guide to Kaldor’s Growth Laws’
PART IV
INCREASING RETURNS, DECREASING RETURNS AND CUMULATIVE CAUSATION
42. Nicholas Kaldor (1970), ‘The Case for Regional Policies’
43. R. Dixon and A.P. Thirlwall (1975), ‘A Model of Regional Growth-Rate Differences on Kaldorian Lines’
44. Nicholas Kaldor (1979), ‘Equilibrium Theory and Growth Theory’
45. Nicholas Kaldor (1986), ‘Limits on Growth’
46. Ferdinando Targetti (1985), ‘Growth and the Terms of Trade: A Kaldorian Two Sector Model’
47. A.P. Thirlwall (1986), ‘A General Model of Growth and Development on Kaldorian Lines’
48. David Canning (1988), ‘Increasing Returns in Industry and the Role of Agriculture in Growth’
49. H. Molana and D. Vines (1989), ‘North-South Growth and the Terms of Trade: A Model on Kaldorian Lines’
50. Amitava Krishna Dutt (1992), ‘A Kaldorian Model of Growth and Development Revisited: A Comment on Thirlwall’
51. A. P. Thirlwall (1992), ‘A Kaldorian Model of Growth and Development Revisited: A Rejoinder to Dutt’
NICHOLAS KALDOR
1. Nicholas Kaldor (1986), ‘Recollections of an Economist’
2. Luigi L. Pasinetti (1983), ‘Nicholas Kaldor: A Few Personal Notes’
3. G.C. Harcourt (1988), ‘Nicholas Kaldor, 12 May 1908 - 30 September 1986’
4. Mark Blaug (1990), ‘Nicholas Kaldor, 1908 - 86’
5. A.P. Thirlwall (1992), ‘Talking About Kaldor’
PART II
THE CAMBRIDGE GROWTH THEORIST
6. Nicholas Kaldor (1954), ‘The Relation of Economic Growth and Cyclical Fluctuations’
7. Nicholas Kaldor (1957), ‘A Model of Economic Growth’
8. Nicholas Kaldor and James A. Mirrlees (1962), ‘A New Model of Economic Growth’
9. Kurt W. Rothschild (1959), ‘The Limitations of Economic Growth Models: Critical Remarks on Some Aspects of Mr. Kaldor’s Model’
10. Ronald Findlay (1960), ‘Economic Growth and the Distributive Shares’
11. Nicholas Kaldor (1960), ‘A Rejoinder to Mr. Findlay’
12. José Encarnación, Jr. (1962), ‘Overdeterminateness in Kaldor’s Growth Model’
13. N. Kaldor (1962), ‘Overdeterminateness in Kaldor’s Growth Model: A Comment’
14. G.C. Harcourt (1963), ‘A Critique of Mr. Kaldor’s Model of Income Distribution and Economic Growth’
15. K. Kubota (1968), ‘A Re-Examination of the Existence and Stability Propositions in Kaldor’s Growth Models’
16. B.T. McCallum (1969), ‘The Instability of Kaldorian Models’
17. D. Mario Nuti (1969), ‘The Degree of Monopoly in the Kaldor-Mirrlees Growth Model’
18. Joan Robinson (1969), ‘A Further Note’
19. Nicholas Kaldor (1970), ‘Some Fallacies the Interpretation of Kaldor’
20. K. Kubota (1970), ‘A Comment on Kaldor’s Note’
21. D.G. Champernowne (1971), ‘The Stability of Kaldor’s 1957 Model’
22. F.H. Hahn (1989), ‘Kaldor on Growth’
PART III
THE ROMANCE WITH VERDOORN
23. Nicholas Kaldor (1966), ‘Causes of the Slow Rate of Economic Growth of the United Kingdom’
24. J.N.Wolfe (1968), ‘Productivity and Growth in Manufacturing Industry: Some Reflections on Professor Kaldor’s Inaugural Lecture’
25. Nicholas Kaldor (1968), ‘Productivity and Growth in Manufacturing Industry: A Reply’
26. Jorge M. Katz (1968), ‘“Verdoorn Effects”, Returns to Scale, and the Elasticity of Factor Substitution’
27. R.E. Rowthorn (1975), ‘What Remains of Kaldor’s Law?’
28. Nicholas Kaldor (1975), ‘Economic Growth and the Verdoorn Law: A Comment on Mr. Rowthorn’s Article’
29. R.E. Rowthorn (1975), ‘A Reply to Lord Kaldor’s Comment’
30. John Cornwall (1976), ‘Diffusion, Convergence and Kaldor’s Laws’
31. A. Parikh (1978), ‘Differences in Growth Rates and Kaldor’s Laws’
32. R.E. Rowthorn (1979), ‘A Note on Verdoorn’s Law’
33. P.J.Verdoorn (1980), ‘Verdoorn’s Law in Retrospect: A Comment’
34. A.P. Thirlwall (1980), ‘Rowthorn’s Interpretation of Verdoorn’s Law’
35. P. Stoneman (1979), ‘Kaldor’s Law and British Economic Growth: 1800-1970’
36. J.S.L. McCombie (1980), ‘On the Quantitative Importance of Kaldor’s Laws’
37. M. Chatterji and M. Wickens (1981), ‘Verdoorn’s Law - The Externalities Hypothesis and Economic Growth in the U.K.’’
38. N. Kaldor (1981), ‘Discussion’ [of Chatterji and Wickens]
39. J.S.L.McCombie (1981), ‘What Still Remains of Kaldor’s Laws?’
40. A.P. Thirlwall (1983), ‘Introduction’ [to ‘Symposium on Kaldor’s Growth Laws]’
41. A.P. Thirlwall (1983), ‘A Plain Man’s Guide to Kaldor’s Growth Laws’
PART IV
INCREASING RETURNS, DECREASING RETURNS AND CUMULATIVE CAUSATION
42. Nicholas Kaldor (1970), ‘The Case for Regional Policies’
43. R. Dixon and A.P. Thirlwall (1975), ‘A Model of Regional Growth-Rate Differences on Kaldorian Lines’
44. Nicholas Kaldor (1979), ‘Equilibrium Theory and Growth Theory’
45. Nicholas Kaldor (1986), ‘Limits on Growth’
46. Ferdinando Targetti (1985), ‘Growth and the Terms of Trade: A Kaldorian Two Sector Model’
47. A.P. Thirlwall (1986), ‘A General Model of Growth and Development on Kaldorian Lines’
48. David Canning (1988), ‘Increasing Returns in Industry and the Role of Agriculture in Growth’
49. H. Molana and D. Vines (1989), ‘North-South Growth and the Terms of Trade: A Model on Kaldorian Lines’
50. Amitava Krishna Dutt (1992), ‘A Kaldorian Model of Growth and Development Revisited: A Comment on Thirlwall’
51. A. P. Thirlwall (1992), ‘A Kaldorian Model of Growth and Development Revisited: A Rejoinder to Dutt’