Economics without Equilibrium

By N. Kaldor. 2020

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The macroeconomic rebound effect and the world economy (2009, unknown): “…growth and technological change we have adopted the “history” approach1 of cumulative causation and demand-led growth2 (Kaldor 1957, Kaldor 1972, Kaldor 1985; Setterfield 2002), focusing on gross investment (Scott 1989) and trade (McCombie and Thirlwall 1994, 2004), and incorporating…”
Sustainability economics: Where do we stand? (2008, background): “…have been documented (Browne, 2004); and 51 case studies prepared for the EPA (Laitner and Finman, 2000). economy is never in equilibrium (see (Kaldor, 1971; Kaldor, 1972; Kornai, 1973)), so that simplification is somewhat like looking for a lost key under the streetlight, or assuming a…”
Regime dependence of the fiscal multiplier (2012, background): “The decline, they argue, is due to (i) increasing interest rates, (ii) the 1See Kaldor (1985), Solow (1997), Tobin (1993), and Okun (1962).”
The political economy of industrial policy: Structural interdependencies, policy alignment and conflict management (2019, background): “…dynamics within and across sectors, are generated by a number of factors: rigidities and indivisibilities in production structures (Young 1928; Kaldor 1985); complementarities among production tasks but also in consumption patterns (Young 1928; Perroux 1955; Hirschman 1958; Myrdal 1958;…”