School of Economics | Kaldor’s Model of the Trade Cycle
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09 Jan

Posted at 00:54h in SOE by
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Article Shared by  Kaldor’s Model of the Trade Cycle! Kaldor’s theory of the trade cycle is a comparatively simple and neat theory built directly on Keynes’ saving-investment analysis. Keynes theory of the determination of the level of income did not take into consideration the theory of the...