Economics & Finance / Macroeconomics / Economic Growth & GDP
Why Kaldor’s Growth Theory Was Right All Along (And What It Means for You)
Most economists focus on supply-side factors like technology and capital, but Nicholas Kaldor’s growth theory flips the script: demand is the real driver of long-term growth. In this video, we dive deep into Kaldor’s contributions to New Growth Theory, exploring how his ideas on increasing returns, cumulative causation, and the Verdoorn Law challenge mainstream models. You’ll learn why demand matters more than you think, how history and path dependency shape economies, and what this means for countries stuck in slow growth. Based on Stephan Seiter’s book, this is a must-watch for anyone curious about the real engines of economic progress.
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