Nicholas Kaldor

The Right Honourable The Lord Kaldor
Born	Káldor Miklós (1908-05-12)12 May 1908 Budapest, Hungary
Died	30 September 1986(1986-09-30) (aged 78) Papworth Everard, Cambridgeshire, England
Nationality	British
Academic career
Field	Political economy
School or tradition	Post-Keynesian economics
Doctoral advisor	Allyn Abbott Young Lionel Robbins
Doctoral students	Frank Hahn
Influences	John Maynard Keynes, Gunnar Myrdal
Contributions	Kaldor–Hicks efficiency Kaldor's growth laws Circular cumulative causation

Nicholas Kaldor, Baron Kaldor (12 May 1908 – 30 September 1986), born Káldor Miklós, was a Hungarian-born British economist. He developed the "compensation" criteria called Kaldor–Hicks efficiency for welfare comparisons (1939), derived the cobweb model, and argued for certain regularities observable in economic growth, which are called Kaldor's growth laws.^[1] Kaldor worked alongside Gunnar Myrdal to develop the key concept Circular Cumulative Causation, a multicausal approach where the core variables and their linkages are delineated.