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unusual facts about Abba Lerner



Social dividend

The social dividend is a key feature of many models for market socialism, and has been proposed by Oskar Lange, Abba Lerner, James Meade and more recently by the economists James Yunker and John Roemer.

Social welfare function

The object was "to state in precise form the value judgments required for the derivation of the conditions of maximum economic welfare" set out by earlier writers, including Marshall and Pigou, Pareto and Barone, and Lerner.


see also