This paper revisits Kaldor's methodological critique of orthodox economics. The main target of his critique was the theory of general equilibrium as expounded in the work of Debreu and others. Kaldor deemed this theory to be seriously flawed as an empirically adequate description of real-world...

This paper examines Nicholas Kaldor's methodological critique of orthodox economic theory in the light of recent developments in the philosophy of science. T. Lawson (1989) has provided the most philosophically sophisticated interpretation of Kaldor's methodological work available to date from a...