• Thumbnail for Abba P. Lerner
    Abraham "Abba" Ptachya Lerner (also Abba Psachia Lerner; 28 October 1903 – 27 October 1982) was a Russian-born American-British economist. Born in Novoselytsia...
    13 KB (1,128 words) - 08:17, 13 September 2024
  • The Lerner index, formalized in 1934 by British economist of Russian origin Abba Lerner, is a measure of a firm's market power. The Lerner index is defined...
    11 KB (1,493 words) - 19:03, 13 October 2024
  • theory was independently discovered by Abba Lerner in 1933 but was published much later in 1952. The "Lerner Diagram" remains a key analytical tool in...
    4 KB (539 words) - 19:59, 28 September 2024
  • established. Lerner ascribes to his LSE colleague Victor Edelberg the credit for suggesting the use of indifference curves. Samuelson surmised that Lerner obtained...
    35 KB (5,579 words) - 00:17, 4 September 2024
  • taxes) is applied. The theorem was developed by economist Abba P. Lerner in 1936. A. P. Lerner, 1936. "The Symmetry Between Import and Export Taxes", Economica...
    1 KB (132 words) - 21:01, 12 May 2024
  • surname Lerner include: Aaron Bunsen Lerner (1920–2007), American physician, researcher and professor Abba Lerner, American economist Adam Lerner, American...
    5 KB (578 words) - 13:03, 30 April 2024
  • services are received by those who have the greatest need for them. Abba Lerner first proposed the idea of distributive efficiency in his 1944 book The...
    3 KB (521 words) - 16:31, 6 March 2024
  • money of Alfred Mitchell-Innes, the functional finance proposals of Abba Lerner, Hyman Minsky's views on the banking system and Wynne Godley's sectoral...
    63 KB (6,969 words) - 19:14, 24 October 2024
  • and was expanded by economists like H. D. Dickinson and Abba P. Lerner. Although Lange and Lerner called it "market socialism", the Lange model is a form...
    16 KB (2,033 words) - 06:20, 27 July 2024
  • Thumbnail for Franco Modigliani
    for socialism along lines laid out by earlier market socialists like Abba Lerner and Oskar Lange. But, that early enthusiasm evaporated soon after the...
    22 KB (2,146 words) - 08:18, 13 September 2024
  • rate. Though their theory had been proposed by the Keynesian economist Abba Lerner several years before, it was the work of Milton Friedman, leader of the...
    34 KB (4,512 words) - 22:23, 25 October 2024
  • argue that they are, rather, due to the interpretation of Keynes by Abba Lerner in his theory of functional finance, and should instead be called "Lernerian"...
    107 KB (13,226 words) - 21:36, 9 October 2024
  • and Hayek's student Abba Lerner (1934, 1937, 1938) which was developed in response to the calculation argument. Lange and Lerner conceded that prices...
    48 KB (6,281 words) - 09:50, 18 October 2024
  • causing a deterioration of the tariff-imposing country's terms of trade. Abba Lerner showed the possibility in his 1936 article. In the large country case...
    3 KB (371 words) - 21:02, 12 May 2024
  • Functional finance is an economic theory proposed by Abba P. Lerner, based on effective demand principles and chartalism. It states that government should...
    4 KB (450 words) - 01:13, 1 November 2022
  • Thumbnail for Economic system
    socialism developed by neoclassical economists (most notably Oskar Lange and Abba Lerner) were based on the use of notional prices derived from a trial-and-error...
    34 KB (4,215 words) - 05:47, 15 October 2024
  • In The Economics of Control: Principles of Welfare Economics (1944), Abba Lerner admitted that capital investment would be politicized in market socialism...
    94 KB (10,301 words) - 23:28, 22 October 2024
  • Schweickart Jaroslav Vanek Enrico Barone Ellora Derenoncourt Oskar Lange Abba Lerner Alfred Marshall David McMullen Alec Nove Andreas G. Papandreou Mark Paul...
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  • Thumbnail for Marginal revenue
    maximising equilibrium. (P − MC)/ P = −1/e is called the Lerner index after economist Abba Lerner. The Lerner index is a measure of market power — the ability...
    21 KB (2,858 words) - 06:00, 4 June 2024
  • Keynesian ideas on the role of the state in the economy. By 1947, when Abba Lerner wrote his article "Money as a Creature of the State", economists had...
    10 KB (1,223 words) - 08:06, 30 October 2023
  • During the 1970s, this story had to be modified, because (as the late Abba Lerner had suggested in the 1940s) workers try to keep up with inflation. Since...
    41 KB (5,623 words) - 17:14, 19 October 2024
  • originator of the idea, but others point to earlier work done in the area by Abba Lerner. Kenen (1969) and McKinnon (1963) were further developers of this idea...
    25 KB (3,298 words) - 04:53, 15 January 2024
  • capitalism and the price system. In the 1930s, the economists Oskar Lange and Abba Lerner developed a comprehensive model of a socialist economy that utilized...
    8 KB (1,046 words) - 00:29, 9 February 2023
  • Thumbnail for John Hicks
    such associates as Friedrich von Hayek, R.G.D. Allen, Nicholas Kaldor, Abba Lerner and Ursula Webb, the last of whom, in 1935, became his wife. From 1935...
    16 KB (1,598 words) - 16:10, 6 September 2024
  • approach developed by Wynne Godley and functional finance developed by Abba Lerner. The thrust of this approach is to maintain effective demand sufficient...
    8 KB (972 words) - 22:50, 28 September 2024
  • Lerner-Levine was born in Hackney, London, England on October 31, 1931, as the daughter of a Polish mother and a Romanian father, LSE economist Abba Lerner...
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  • Thumbnail for Market economy
    mutualist philosophers. In the 1930s, the economists Oskar Lange and Abba Lerner developed a model of socialism that posited that a public body (dubbed...
    55 KB (6,522 words) - 17:16, 28 September 2024
  • Thumbnail for Friedrich Hayek
    function of prices inspired the ground-breaking work of John Hicks, Abba P. Lerner and many others in the development of modern microeconomics. In 1932...
    172 KB (19,854 words) - 20:06, 29 October 2024
  • Thumbnail for Fred M. Taylor
    In this, Taylor stated principles of market socialism developed by Abba Lerner and Oscar Lange in the following decade and anticipated in mathematical...
    5 KB (418 words) - 06:52, 21 May 2023
  • Britain and the United States. The original editorial team consisted of Abba P. Lerner, Paul Sweezy, and Ursula Kathleen Hicks. It is published by Oxford University...
    8 KB (726 words) - 03:35, 29 April 2024