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Nicholas Kaldor and the real world /
Marjorie S. Turner.
Armonk, N.Y. : M.E. Sharpe, c1993.
xii, 235 p. : ill. ; 24 cm.
1563241471 (alk. paper)
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Armonk, N.Y. : M.E. Sharpe, c1993.
1563241471 (alk. paper)
catalogue key
Includes bibliographical references (p. 207-219) and indexes.
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Full Text Reviews
Appeared in Choice on 1994-01:
This small volume disappoints on several grounds. Turner aims to show that Nicholas Kaldor (an important 20th-century British economist of Hungarian origin) sought to ground his theoretical economics in the real world. To this end, over half the book traces Kaldor's extensive and varied activities in making recommendations to governments and to the public (he was an inveterate writer of letters to editors), and as an activist in the British Labour party. From this we learn that Kaldor felt the role of government in economic affairs needed expanding. What we do not learn is how these activities actually shaped the development of Kaldor's theoretical economics to reflect the real world. The balance of the book is more to the point. The influence of Keynes and, more particularly, Allyn Young, clearly influenced Kaldor's conception of what made for theoretical merit, a conception that led him away from the reigning economic orthodoxy. Yet Kaldor's important theoretical contributions are left insufficiently developed to give Kaldor his due or to satisfy the reader. The bibliography is substantial and footnotes extensive. Advanced undergraduate through faculty. J. Murdock; emeritus, University of Missouri--Columbia
This item was reviewed in:
Choice, January 1994
Reference & Research Book News, February 1994
To find out how to look for other reviews, please see our guides to finding book reviews in the Sciences or Social Sciences and Humanities.
Table of Contents
Introductionp. 3
Becoming a Theoretician
Nicholas Kaldor in Retrospectp. 7
Moral Scientist and Keynesianp. 14
Early Theoretical Pronouncementsp. 20
World War II and Cambridge Universityp. 28
Applying Theory in the Real World
Analyzing and Planning for Recoveryp. 35
The Expenditure Tax - An International Debatep. 42
Tax Advice, LDCs, and Riotsp. 50
Practicing Political Economics
Joining the Governmentp. 65
Opposing British Entry into the Common Marketp. 76
Exposing Monetarismp. 89
Constructing Post Keynesian Theory
New approaches to Growth and Distribution Theoryp. 113
Debating Kaldorian Distribution Theoryp. 126
Emerging Policy Viewsp. 132
The Watershed of 1966p. 137
Where Kaldor Stood
Economics Without Equilibriump. 149
Kaldor's View of the Worldp. 154
Explanatory Notep. 161
Chapter Notesp. 161
Endnotesp. 183
Referencesp. 207
Names Indexp. 221
Subject Indexp. 227
About the Authorp. 237
Table of Contents provided by Blackwell. All Rights Reserved.

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