Abba P. Lerner

Abba P. Lerner

Abba Ptachya Lerner (October 28, 1903–October 27, 1982) was an American economist.

Lerner was born on October 28, 1903 in Bessarabia (territory now in Ukraine or Moldova). He grew up in a 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 where he would study under Friedrich Hayek. A six-month stay at Cambridge in 1934–1935 brought him into contact with John Maynard Keynes. Lerner married Alice Sendak in 1930; they had twin children, Marion and Lionel, in 1932.

In 1937, Lerner emigrated to the United States. While in the US, Lerner befriended his intellectual opponent Milton Friedman.

Accomplishments

*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. By the 1960s Lerner began to distance himself from his early work on socialism.

*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.

*Lerner developed the concept of distributive efficiency, which shows that economic equality will produce the greatest total happiness with a given amount of wealth.

*Lerner also contributed to the Lange-Lerner-Taylor theorem.

*The Lerner symmetry theorem states that an import tariff can have the same effects as an export tax.

*The Lerner Index measures potential monopoly power as the negative inverse of demand elasticity.

*Based on effective demand principle and chartalism, Lerner developed the Functional Finance, a theory concerned about the maintenance of the full employment and low inflation.

External links

* [http://www.economyprofessor.com/theorists/abbalerner.php lhttp://www.economyprofessor.com/theorists/abbalerner.php]
* [http://cepa.newschool.edu/het/profiles/lerner.htm http://cepa.newschool.edu/het/profiles/lerner.htm]
* [http://www.econlib.org/library/Enc/bios/Lerner.html http://www.econlib.org/library/Enc/bios/Lerner.html]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Abba P. Lerner — (Abba Ptachya Lerner; * 28. Oktober 1903 in Bessarabien; † 27. Oktober 1982 in Tallahassee, Florida) war ein US amerikanischer Ökonom. Inhaltsverzeichnis 1 Leben 2 Wirken 3 Literatur …   Deutsch Wikipedia

  • Abba Ptachya Lerner — (* 28. Oktober 1903 in Bessarabien; † 27. Oktober 1982 in Tallahassee, Florida) war ein US amerikanischer Ökonom. Leben Lerners Familie wanderte 1912 zunächst nach London aus, wo er sich auch ökonomisch ausbilden ließ. Er hatte dort u. a. Kontakt …   Deutsch Wikipedia

  • Abba Ptachya Lerner — Saltar a navegación, búsqueda Abba Lerner Obtenido de Abba Ptachya Lerner …   Wikipedia Español

  • Abba P. Lerner — Abba Lerner Ptachya (28 octobre 1903 27 octobre 1982) était un économiste américain. Biographie Lerner est né le 28 octobre 1903 en Bessarabie (Empire russe). Il a grandi à Londres. Dès l âge de seize ans, il a travaillé comme machiniste,… …   Wikipédia en Français

  • Abba Lerner — Abba Ptachya Lerner (* 28. Oktober 1903 in Bessarabien; † 27. Oktober 1982 in Tallahassee, Florida) war ein US amerikanischer Ökonom. Leben Lerners Familie wanderte 1912 zunächst nach London aus, wo er sich auch ökonomisch ausbilden ließ. Er… …   Deutsch Wikipedia

  • Abba Lerner — Abba Ptachya Lerner (28 de octubre de 1903–27 de octubre de 1982) fue un economista en EE. UU. Lerner nació en 1903 en Besarabia (territorio que forma parte de la actual Moldavia). Creció en una familia judía que emigró al Reino Unido cuando… …   Wikipedia Español

  • LERNER, ABBA PETACHJA — (1903–1982), U.S. economist. Born in Russia and educated at the London School of Economics, Lerner began to teach there in 1935. He moved to the United States in 1937 and soon established himself as an eminent teacher in economics. He taught at… …   Encyclopedia of Judaism

  • Lerner — ist der Familienname folgender Personen: Abba P. Lerner (1903–1982), US amerikanischer Ökonom Alan Jay Lerner (1918–1986), US amerikanischer Autor und Liedtexter Alexander Lerner (1913–2004), sowjetisch israelischer Kybernetiker und Dissident… …   Deutsch Wikipedia

  • Abba (disambiguation) — ABBA is the name of a Swedish pop music group.Abba may also refer to: *Abba (father), a word for father in most Semitic languages *Abba, a word for father in Bengali and Dravidian languages * ABBA (album), a self titled album by the Swedish pop… …   Wikipedia

  • Abba (Begriffsklärung) — Abba steht für: Abba Seafood, schwedischer Nahrungsmittelkonzern Abba (Äthiopien), Titel der Bischöfe und Patriarchen in der äthiopisch orthodoxen Kirche Abba (Bibel), eine Anrede Gottes im Gebet (aramäisch: „Lieber Vater“) Abba heißen folgende… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”