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Nicholas Kaldor

Nicholas Kaldor (Budapest, 1908 - Papworth Everard, Cambridgeshire, 1986) was the foremost Cambridge economists 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 the governments of the UK and several other countries.


An Expenditure Tax (1955)
The Scourge of Monetarism (1982)