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Revision as of 02:52, 21 October 2005 by SlimVirgin (talk | contribs) (removed image of LaRouche)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)Abba Ptachya Lerner (October 28, 1903 - October 27, 1982) was an American economist.
Lerner was born on October 28, 1903 in Bessarabia. He grew up in a predominantly Jewish family, which emigrated to Great Britain, when Lerner was three years old. Lerner grew up in the London East End. From the age of sixteen he worked as a machinist, a teacher in Hebrew schools, and as a businessman. He entered the London School of Economics in 1929. A six month stay at Cambridge in 1934-1935 brought him into contact with John Maynard Keynes.
In 1937 Lerner emigrated to the United States.
Just like Oskar Lange, Lerner developed, a model of market socialism, which differed form the pure planned economy. It became known as the third way.
Like Wassily Leontief, Lerner improved the calculations made by Wilhelm Launhardt on the effect of terms of trade.
Furthermore Lerner improved a formula of Alfred Marshall, which is known since as the Marshall-Lerner principle.
The Lerner-Samuelson theorem also goes back to Lerner.
See also
External links
- lhttp://www.economyprofessor.com/theorists/abbalerner.php
- http://cepa.newschool.edu/het/profiles/lerner.htm
- http://www.econlib.org/library/Enc/bios/Lerner.html