The Economics of Control¶
Lerner, A. P. (1944). The Economics of Control: Principles of Welfare Economics.
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1 citation across 1 artifact.
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Primes¶
- Price Mechanism
- … aggregate dispersed local knowledge no central planner can replicate (Hayek 1945). The argument was central to the socialist calculation debate of the 1920s–40s, which modern historiography dates from Mises's 1920 challenge and organizes around Mises, Hayek, Lange, and Taylor; Lerner's 1944 Economics of Control
This sourceThe most detailed market-socialist elaboration of the Lange-type solution; still cited as the main neoclassical-socialist reference for the debate though not indispensable in the shortest canonical list.
- … aggregate dispersed local knowledge no central planner can replicate (Hayek 1945). The argument was central to the socialist calculation debate of the 1920s–40s, which modern historiography dates from Mises's 1920 challenge and organizes around Mises, Hayek, Lange, and Taylor; Lerner's 1944 Economics of Control
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