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Abba P. Lerner (1903–1982)

  • Warren YoungEmail author
  • Daniel SchiffmanEmail author
  • Yaron ZelekhaEmail author
Chapter

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 

References

Main and Cited Works by Abba Lerner

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  82. Lerner, A.P. (1967). ‘Employment Theory and Employment Policy’. American Economic Review, Papers and Proceedings, 57(2): 1–18.Google Scholar
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  89. Lerner, A.P. (1974d). ‘Priorities and Pollution: Comment’. American Economic Review, 64(4): 715–717.Google Scholar
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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.Bar-Ilan UniversityRamat GanIsrael
  2. 2.Ariel UniversityArielIsrael
  3. 3.Ono Academic CollegeKiryat OnoIsrael

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