Date of Award

1-1-2015

Document Type

Thesis

Degree Name

M.A.

Department

Economics

First Advisor

Peter Ho

Abstract

Nicholas Kaldor was a famous post-Keynesian theorist who fought on Keynesian revolution in Cambridge with Keynes himself. However, during the last twenty years of his life, Kaldor became engaged with increasing returns theory originated from Adam Smith and Allyn Young. Kaldor propagated the theory even though it was not mature. There were many controversies and critiques to Kaldor's increasing returns theory. Kaldor began to write extensively about this worldview scattered throughout many of his academic papers and essays. This thesis tracks Kaldor's process of theoretical formulation during the last twenty years of his life. It presents Kaldor's view from the first paper he wrote on increasing returns to his final essay. The thesis discusses both theoretical and historical aspects of each paper and essay in an attempt to understand Kaldor's theoretical development. Kaldor's late contributions is an evolution of a worldview. In the last chapter, the thesis provides a model of Kaldor's late contribution constructed from intuitions behind his writing.

Provenance

Recieved from ProQuest

Rights holder

Sira Nukulkit

File size

75 p.

File format

application/pdf

Language

en

Discipline

Economics

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