country_of_citizenship nicholas kaldor
Henry Schultz ( September 4 , 1893  November 26 , 1938 ) was an ___MASK9___ economist , statistician , and one of the founders of econometrics . The cobweb model or cobweb theory is an economic model that explains why prices might be subject to periodic fluctuations in certain types of markets . It describes cyclical supply and demand in a market where the amount produced must be chosen before prices are observed . Producers ' expectations about prices are assumed to be based on observations of previous prices . Nicholas Kaldor analyzed the model in 1934 , coining the term " cobweb theorem " ( see Kaldor , 1938 and Pashigian , 2008 ), citing previous analyses in German by Henry Schultz and . Holbrook Working ( 1895  October 5 , 1985 ) was an ___MASK9___ professor of economics and statistics at Stanford University  s Food Research Institute known for his contributions on hedging , on the theory of futures prices , on an early theory of market maker behavior , and on the theory of storage ( including the " Working curve " which plots the difference between short term and long term grain futures prices against current inventory ). The River Cam is the main river flowing through Cambridge in eastern ___MASK71___ . After leaving Cambridge , it flows north and east into the Great Ouse to the south of Ely at Pope ' s Corner . The Great Ouse connects the Cam to the North Sea at King ' s Lynn : The total distance from Cambridge to the sea is about and is navigable for punts , small boats , and rowing craft . The Great Ouse also connects to ___MASK71___ ' s canal system via the Middle Level Navigations and the River Nene . In total , the Cam runs for around from its furthest source ( near Debden in Essex ) to its confluence with the Great Ouse . A census of the population of the ___MASK43___ is taken every ten years . The 2011 census was held in all countries of the UK on 27 March 2011 . It was the first UK census which could be completed online via the Internet . The Office for National Statistics ( ONS ) is responsible for the census in ___MASK71___ and ___MASK10___ , the General Register Office for Scotland ( GROS ) is responsible for the census in Scotland , and the Northern Ireland Statistics and Research Agency ( NISRA ) is responsible for the census in Northern Ireland . Friedrich Hayek CH ( 8 May 189923 March 1992 ), born in ___MASK54___ - ___MASK41___ as Friedrich August von Hayek and frequently referred to as F . A . Hayek , was an Austrian and British economist and philosopher best known for his defense of classical liberalism . Hayek shared the 1974 Nobel Memorial Prize in Economic Sciences with Gunnar Myrdal for his " pioneering work in the theory of money and economic fluctuations and ... penetrating analysis of the interdependence of economic , social and institutional phenomena ." Karl Gunnar Myrdal ( 6 December 1898  17 May 1987 ) was a Swedish economist , sociologist and ___MASK65___ . In 1974 , he received the Nobel Memorial Prize in Economic Sciences with Friedrich Hayek for " their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic , social and institutional phenomena ." He is best known in the United States for his study of race relations , which culminated in his book "". The study was influential in the 1954 landmark U . S . Supreme Court Decision " Brown v . Board of Education ". In ___MASK83___ his work and political influence were important to the establishment of the Folkhemmet and the welfare state . Nicholas Kaldor , Baron Kaldor ( 12 May 1908 -- 30 September 1986 ) , born Káldor Miklós , was a Cambridge economist in the post - war period . He developed the `` compensation '' criteria called Kaldor -- Hicks efficiency for welfare comparisons ( 1939 ) , derived the cobweb model , and argued for certain regularities observable in economic growth , which are called Kaldor ' s growth laws . Kaldor worked alongside Gunnar Myrdal to develop the key concept Circular Cumulative Causation , a multicausal approach where the core variables and their linkages are delineated . Both Myrdal and Kaldor examine circular relationships , where the interdependencies between factors are relatively strong , and where variables interlink in the determination of major processes . Gunnar Myrdal got the concept from Knut Wicksell and developed it alongside Nicholas Kaldor when they worked together at the United Nations Economic Commission for Europe . Myrdal concentrated on the social provisioning aspect of development , while Kaldor concentrated on demand - supply relationships to the manufacturing sector . Kaldor also coined the term `` convenience yield '' related to commodity markets and the so - called theory of storage , which was initially developed by Holbrook Working . Cambridgeshire ( or ; abbreviated Cambs .), archaically known as the County of Cambridge , is an East Anglian county in ___MASK71___ , bordering Lincolnshire to the north , Norfolk to the north - east , Suffolk to the east , Essex and Hertfordshire to the south , and Bedfordshire and Northamptonshire to the west . The city of Cambridge is the county town . Modern Cambridgeshire was formed in 1974 as an amalgamation of the counties of Cambridgeshire and Isle of Ely and Huntingdon and Peterborough , which had been created in 1965 from the historic counties of Cambridgeshire , Huntingdonshire , the Isle of Ely and the Soke of Peterborough . It contains most of the region known as Silicon Fen . Cambridge is a university city and the county town of Cambridgeshire , ___MASK71___ , on the River Cam about north of London . At the United Kingdom Census 2011 , its population was 123 , 867 , including 24 , 488 students .