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Showing 1 to 1 of 1 for “"Increasing returns theory"”.
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Kaldor's Late Contributions
… years of his life, Kaldor became engaged with increasing returns theory originated from Adam Smith and Allyn Young. Kaldor propagated the theory even though it was not mature. There were many controversies and critiques to Kaldor's increasing returns theory. Kaldor began to write extensively …