Nicholas Kaldor

Nicholas Kaldor, Baron Kaldor (Budapest, 12 May 1908 – Papworth Everard, Cambridgeshire, 30 September 1986) was the foremost Cambridge economist in the post-war period. He developed the famous "compensation" criteria called Kaldor-Hicks efficiency for welfare comparisons (1939).

Kaldor was educated in Budapest and at the London School of Economics, where he subsequently became a lecturer. After service in World War II, he held a senior post with the Economic Commission for Europe. In 1966, he became professor of economics at the University of Cambridge. He was also an advisor to Labour governments of the UK and several other countries. In 1974, Kaldor was made a life peer as Baron Kaldor of Newnham in the City of Cambridge.

Works

An Expenditure Tax (1955)

The Scourge of Monetarism (1982)

Biography

Biography