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“Stability and Full Employment”: the origins of Kaldor’s framework for economic fluctuation and growth analysis

Author

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  • Fabio N. P. de Freitas

Abstract

Nicholas Kaldor is known as an author who often changed his mind throughout his career. This is the case of his analyses of the process of economic growth, in which he proposed various models leading to quite different and, occasionally, conflicting conclusions. Specifically, Kaldor changed his position concerning the stability of the full employment situation. This paper shows that, in spite of those changes, Kaldor in fact used different versions of the same basic analytical framework and that this framework has its origin in his paper “Stability and Full Employment” published in the Economic Journal in December 1938. JEL Classification: B31.

Suggested Citation

  • Fabio N. P. de Freitas, 2009. "“Stability and Full Employment”: the origins of Kaldor’s framework for economic fluctuation and growth analysis," Brazilian Journal of Political Economy, Center of Political Economy, vol. 29(1), pages 92-113.
    • Handle: RePEc:ekm:repojs:v:29:y:2009:i:1:p:92-113:id:472
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    More about this item

    Keywords

    Kaldor; full employment; growth;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals

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