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Oskar Lange’s Economics and the Socialist Economy

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  • Marques Gomes, Luiz Henrique

Abstract

Oskar Lange is generally known about his contribution in the debate on the feasibility of rational economic calculation under socialism. Although he is recognized as the theoretical "winner" of this debate, his contributions to economics extend over a wide range of topics and involve issues such as the economic organization of a society in transition to socialism, the relevance or not of econometrics, the meaning of Say's law and the use of cybernetics for economic planning. There are two points that are fundamental in Lange’s work, namely: (i) the economic viability of the socialist mode of production and (ii) the economics of the transition to socialism. The objective of the present article is to investigate Lange’s contributions in regard of these two points: the economic viability of socialism and the economics of the transition to socialism.

Suggested Citation

  • Marques Gomes, Luiz Henrique, 2022. "Oskar Lange’s Economics and the Socialist Economy," MPRA Paper 118552, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:118552
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    File URL: https://mpra.ub.uni-muenchen.de/118552/1/MPRA_paper_111344.pdf
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    References listed on IDEAS

    as
    1. O. Lange, 1935. "Marxian Economics and Modern Economic Theory," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 2(3), pages 189-201.
    2. Oskar Lange, 1937. "On the Economic Theory of Socialism: Part Two," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(2), pages 123-142.
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    More about this item

    Keywords

    Oskar Lange; Socialism; Economic Planning; Law of Value; Market Socialism.;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian

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