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50th anniversary book review collection

Economics without equilibrium

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Pages 655-658 | Published online: 09 Feb 2017
 

Notes

1. See Thirlwall (Citation1987) for the life and times of the economist (and persona) Nicholas Kaldor.

2. The working relation between Kaldor and Robinson eventually became unfriendly and was described by King (Citation1998, p. 412) as hostile: ‘King's College archives reveal a major rupture in relations [in 1956] between Kaldor and Robinson … followed by … two final decades of cold indifference.’ According to King (Citation1998), the publication of Kaldor's famous paper on income distribution (Kaldor, Citation1955) played a main role in this rupture.

3. Kaldor fits into a long line of economists struggling with imperfect competition (see Brakman & Heijdra, Citation2004, for a historical survey).

4. For a formal Kaldorian regional growth model along these lines, see Dixon and Thirlwall (Citation1975); for a review of the evolution of the concept of Cumulative Causation, see Martin (Citation2017).

5. Note, however, that Krugman (Citation1980) himself also reflected on the possible spatial implications of the Dixit–Stiglitz model. A topic that he would formalize himself in Krugman (Citation1991a).

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