Abba P. Lerner (1903–1982)

Warren Young (warren.young@biu.ac.il), Daniel Schiffman (schiffman@012.net.il) and Yaron Zelekha
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Warren Young: Bar-Ilan University
Daniel Schiffman: Ariel University

Chapter Chapter 16 in The Palgrave Companion to LSE Economics, 2019, pp 399-429 from Palgrave Macmillan

Abstract: Abstract Young, Schiffman, and Zelekha deal with the LSE-based contributions of Abba Lerner to economics over the half-century 1932–1982. These include his writings on micro- and trade theory, socialist economics and the economics of Keynes in the 1930s; his influential book, The Economics of Control, and the notion of ‘functional finance’, and research on inflation, employment theory and policy in the 1940s and post-war period; his ongoing work on these topics in the 1950s and 1960s; and revision of his views in the 1970s after the failure of Keynesian economics to explain stagflation. All of these writings were characterised by the eclectic approach that Lerner absorbed as an undergraduate, graduate student and junior faculty member at LSE.

Keywords: Monopoly power; Factor price equalisation; Functional finance; Keynesian; Socialist calculation (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-58274-4_16

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DOI: 10.1057/978-1-137-58274-4_16

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