ABSTRACT
The years of Nicholas Kaldor's involvement with policy must not obscure from us his contributions to economic theory. While Targetti and Thirlwall claim that "like Keynes," he was primarily interested in "policy first and theory second," 1 I would say that in his mature years, like Keynes, he took his problems from the real world and tried to construct theory that bore upon that world, but that policy and theory had equal importance to these master economists, only different audiences.
