Abba Lerner — ink portrait
§ The minds · 1903–1982 · UK / US · Economist

Abba Lerner

The economics of control

Market rules for a planned welfare economy.

Economic−68
SocialistMarket
Governance−4
LibertarianAuthoritarian
Social+35
TraditionalProgressive
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The economist who, alongside Lange, showed how marginal-cost pricing rules could let a socialist economy harness markets — co-author of the market-socialist tradition.

social

Progressive welfare economist.

economic

Market-price rules to run a socialist or mixed economy efficiently.

governance

Technocratic-democratic economic management.

Notable for
  • 'The Economics of Control'
  • Marginal-cost pricing rules
  • Functional finance
price-rulesfunctional-financewelfare-economics
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