Nicholas Kaldor was born in Budapest on 12 May His father was a lawyer and .. Monetarism (), The Scourge of Monetarism (),. The Economic. Kaldor first became interested in economics through his personal experience of a major monetary event. In , aged 15, he was on a family holiday in the. : The Scourge of Monetarism (Radcliffe Lectures) () : Nicholas Kaldor: Books.
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Kaldor’s critique of John Maynard Keynes’s monetary theory is then seen as an extension of his “Radcliffe” views and this paper argues that, in this matter, Kaldor was mechanical in his modeling of the endogeneity of money supply. Hicks Keynes Keynesian labour liquid assets loan Lord Radcliffe ment Milton Friedman Minimum Lending Rate monetarist monetary authorities monetary policy money incomes money stock money supply money-commodity non-bank private sector output percentage period production PSBR quantity of money quantity theory rate of interest ratio reduction relation result savings statistical supply of money Table target theory of money tion unfunded United Kingdom velocity of circulation wages Walras.
Oxford University PressJan 1, – Chicago school of economics – pages.
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The Scourge of the Monetarists: Kaldor on Monetarism and on Money
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