Ideologies / Market Socialist / Abba Lerner

§ 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
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
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