Oskar Lange

✶July 27, 1904

†October 2, 1965

2 candles burning, 6 lit in all

About their life

Oskar Ryszard Lange was a Polish economist and diplomat. He is best known for advocating the use of market pricing tools in socialist systems and providing a model of market socialism. He responded to the economic calculation problem proposed by Ludwig von Mises and Friedrich Hayek by claiming that managers in a centrally-planned economy would be able to monitor supply and demand through increases and declines in inventories of goods, and advocated the nationalization of major industries. During his stay in the United States, Lange was an academic teacher and researcher in mathematical economics. Later in socialist Poland, he was a member of the Central Committee of the Polish United Workers' Party.

Polish economist (1904-1965)

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Biography from the article Oskar Lange on the English Wikipedia, available under CC BY-SA 4.0.