On the Economic Theory of Socialism, published in 1936 and 1937, is Oskar Lange's reply to Ludwig von Mises in the socialist calculation debate. Lange argued that a central planning board could set and adjust prices for capital goods through a trial and error process modeled on how competitive markets adjust prices, so a planned economy could in principle approximate efficient market pricing without private ownership of capital.
Facts
AuthorOskar Lange
Publication Year1936
Source Typeprimary-text
Sources
On the Economic Theory of Socialism
Oskar Lange, 1936
Claims Backed By This Source (4 claims)
This source backs 4 claims across the atlas. As facts: 4 well-attested.
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- Sources, 4 claims: 4 well-attested.
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