Journal Article A Note on Kaldor's “Speculation and Economic Stability” Get access Paul Streeten Paul Streeten Oxford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 26, Issue 1, October 1958, Pages 66–68, https://doi.org/10.2307/2295859 Published: 01 October 1958

I. Is and ought, 355. — II. Program and prognosis, 357. — III. Program determined by prognosis, 359. — IV. Prognosis determined by program, 360; programs as social data, 361; selection and relevance, 361; models and concepts: the index number problem, 362; inadequacy of the means-ends schema, 364; implications for welfare economics, 367; ideologies, 368. — V. Interdependence between program and prognosis, 369; prophecies: cure through prognosis, 369; dangerous thought: destruction through prognosis, 370; harmony through prognosis, 372; speculation and oligopoly, 374. — VI. The task of the social sciences, 374. — VII. Summary, 376.

Introduction, 583. — I. The neutrality of means, 585. — II. The value of individual choice, 588. — III. Interpersonal comparisons, 591. — IV. The criterion for an "improvement, " 593. — V. Conclusions, 594.

I have benefited from comments and criticisms of an earlier draft by Irma Adelman, Peter Balacs, Ronald Dore, Edgar Edwards, Unni Eradi, Michael Faber, Anne Gordon, Keith Griffin, Jill Rubery, Seev Hirsch, Ernest Stern, Frances Stewart, Hugh Stretton, B. R. Virmani, Gordon Winston and Howard Wriggins. To these, and to a research seminar at Queen Elizabeth House, I am very grateful. I am also grateful to the Economic Development Institute of the World Bank and its Director, Mr. Andrew Kamarck, for having provided the facilities and stimulating atmosphere for the early stages of a considerably larger paper, commissioned by Mr. Ernest Stern, of which this paper forms a part. I am grateful to Mr. Stern and the World Bank for permitting me to use the material here.