Kaldor's Principles

Kaldor’s Principles are a set of economic ideas named after economist Nicholas Kaldor, emphasizing that economic growth should be sustainable and equitable. They highlight the importance of increasing productivity, promoting innovation, and ensuring that benefits of growth are shared fairly across society. Kaldor believed that stable and steady economic growth depends on policies that support technological progress, investment, and fair income distribution. These principles guide policymakers to foster conditions that lead to continuous development, while maintaining financial stability and improving living standards for all.