Kaldor's growth theories : past, present and prospects
All during his life, Nicholas Kaldor touched and investigated an impressive number of areas within economic analysis. Every economist knows his path breaking papers on speculation, non-linear models of the business cycle, his alternative theory of distribution, and so many other topics on taxation and economic and monetary policy. However, growth and development theories had been a recurrent theme for him all throughout his life. Around a basic core analysis, Nicholas Kaldor continuously revised his precise views about the factors limiting growth, whereas his hypotheses have been challenged. Still more, the breaking down of previous growth trends in the 1970s and the uncertain prospects about a recovery in the 1990s bring new questions into the cumulative causation model.