The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Lange, Oskar Ryszard (1904–1965)

  • Tadeusz Kowalik
Reference work entry


Oskar Lange was worldly known economist, socialist thinker and politician. His special position in economics rested on his profound knowledge of its main currents, of both Marxist economics and Western academic economics (above all the neoclassical) and later of both capitalist and centrally planned eastern European economies. With Abba P. Lerner he was one of the founders of the theory of market socialism. This induced him to make several attempts at a ‘major synthesis’ and to undertake political actions aiming for a rapprochement between the West and the Communist world, for peaceful coexistence, economic cooperation and systemic convergence.


Accounting prices Allen, R. D. G. Breit, M. Brus, W. Business cycle Cash balances, demand for Command economy Concentration Corporations Democracy Depreciation Econometrics Economic calculation in socialist economies Efficient allocation Forecasting General equilibrium Hicks, J. R. Industrialization Innovation Interest, theory of Interpersonal utility comparisons Inventories Kalecki, M. Keynesian Revolution Knight, F. H. Lange, O. R. Lange–Lerner mechanism Laski, K. Leontief, W. Lerner, A. P. Liquidity preference Loanable funds Marginal analysis Marginal cost pricing Marginal efficiency of capital Market socialism Marx, K. H. Miller, D. Mixed economy Money Money supply Monopoly capitalism Neutrality of money Optimal resource allocation Planning Price flexibility Propensity to consume Public ownership Public trusts Roemer, J. E. Samuelson, P. A. Say’s Law Schultz, H. Schumpeter, J. A. Stiglitz, J. Sweezy, P. M. Wage differentials Yunker, J. A. 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Tadeusz Kowalik
    • 1
  1. 1.