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On Kaldor's “Logical Slip”: A Possible Explanation

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  • Joan O'Connell

Abstract

In outlining his theory of economic growth and income distribution, Kaldor made a “logical slip”: while in his model, workers might save, workers' assets were accounted for. Kaldor acknowledged the strong influence of Kalecki and Keynes on his work. What is suggested here is that Kaldor may have “slipped” because he applied comments by, in particular, Keynes to the context of his own model. In Kaldor's case, however, the use of Keynes's remarks was not coherent.

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  • Joan O'Connell, 2009. "On Kaldor's “Logical Slip”: A Possible Explanation," History of Political Economy, Duke University Press, vol. 41(4), pages 737-747, Winter.
    • Handle: RePEc:hop:hopeec:v:41:y:2009:i:4:p:737-747
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    Keywords

    John Maynard Keynes; Nicholas Kaldor;

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