Oskar Lange’s Economics and the Socialist Economy

Luiz Gomes

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Oskar Lange; Socialism; Economic Planning; Law of Value; Market Socialism. (search for similar items in EconPapers)
JEL-codes: B24 (search for similar items in EconPapers)
Date: 2022-01
New Economics Papers: this item is included in nep-cwa, nep-his, nep-hme, nep-hpe and nep-pke
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