Oskar Lange — ink portrait
§ 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
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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
calculation-debatemarket-pricesplanning
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