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Oskar Lange

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Also known as Oskar Ryszard Lange, Oskar R. Lange

Polish economist (1904-1965)

Person · Open Library

Born
1904
Died
1965
Works
90

Top works

  • Zagadnienia ekonomii politycznej w świetle pracy J. Stalina
  • Essays on economic planning
  • Marx and modern economics
  • Problèmes d'économie socialiste et de planification
  • Ekonomia polityczna

via Open Library + Wikidata

Music · MusicBrainz

Type
Person
Gender
Male
Origin
United Kingdom
Active from
1974-06-04
electronictrance

via MusicBrainz · CC0

Listeners · Last.fm

Listeners
10
Total plays
25

<a href="https://www.last.fm/music/Oskar+Lange">Read more on Last.fm</a>

via Last.fm · Oskar Lange

Quotes

  • If people want to anticipate the development of Capitalism over a long period a knowledge of Marx is a much more effective starting point than a knowledge of Wieser, Boehm-Bawerk, Pareto or even Marshall (though the last-named is in this respect much superior). But Marxian economics would be a poor basis for running a central bank or anticipating the effects of a change in the rate of discount.
  • The fundamental propositions of the theory of interest being obtained from a theory of production into which time does not enter as a variable, it follows that interest is not connected with time in any different way from the way in which the general theory of production is connected with time.
  • The capitalist system is far removed from the model of a competitive economy as elaborated by economic theory. And even if it conformed to it, it would be, as we have seen, far from maximizing social welfare. Only a socialist economy can fully satisfy the claim made by many economists with regard to the achievements of free competition.
  • The actual capitalist system is much better described by the analysis of Mrs. Robinson and of Professor Chamberlin than by that of Walras and of Marshall. But the work of the latter two will be more useful in solving the problems of a socialist system.
  • It seems to us, indeed, that the real danger of socialism is that of a bureaucratization of economic life, and not the impossibility of coping with the problem of allocation of resources. Unfortunately, we do not see how the same, or even greater, danger can be averted under monopolistic capitalism. Officials subject to democratic control seem preferable to private corporation executives who practically are responsible to nobody.
  • An economic system based on private enterprise and private property of the means of production can work only as long as the security of private property and of income derived from property and from enterprise is maintained. The very existence of a government bent on introducing socialism is a constant threat to this security. Therefore, the capitalist economy cannot function under a socialist government unless the government is socialist in name only.

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