The Walrasian Socialism of Oskar Lange

Meghnad Desai
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Meghnad Desai: London School of Economics

Chapter 9 in The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki, 2014, pp 154-164 from Palgrave Macmillan

Abstract: Abstract Tadeusz Kowalik was our guide and mentor to the economics of Michal Kalecki. His edition of Kalecki’s collected works is still a great source of knowledge for us. But he was interested in Oskar Lange not just for reasons of common national origin but also as an economist who thought differently. In this chapter I want to examine Lange’s arguments for Socialism which sparked off the Lange-Hayek controversy in the 1930s. (In the essay, Lange uses lower-case letters for socialism and capitalism. I use upper-case letters in my text but preserve his lowercase letters when I quote him. Where the words appear as adjectives for example ‘socialist economy’, I use lower-case letters.)

Keywords: Equilibrium Price; Socialist Economy; Capitalist Economy; Lowercase Letter; Walrasian Equilibrium (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-1-137-33560-9_10

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DOI: 10.1057/9781137335609_10

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