Ideologies / Market Socialist / Oskar Lange

§ The minds · 1904–1965 · Poland · Economist
Oskar Lange
The socialist calculation reply
Markets can serve a planned economy.
Economic−72
SocialistMarket
Governance+0
LibertarianAuthoritarian
Social+30
TraditionalProgressive
The economist whose model answered the 'calculation problem' by showing how a socialist economy could simulate markets to set prices — the theoretical heart of market socialism.
social
Modernist progressive.
economic
Argued a socialist economy could use market prices to allocate efficiently.
governance
Democratic-socialist within state institutions.
Notable for
- The Lange model
- Reply to Mises and Hayek
- Market-socialist theory
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