Matches in DBpedia 2015-10 for { <http://dbpedia.org/resource/Lange_model> ?p ?o }
- Lange_model abstract "The Lange model (or Lange–Lerner theorem) is a neoclassical economic model for a hypothetical socialist economy based on public ownership of the means of production and a trial-and-error approach to determining output targets and achieving economic equilibrium and Pareto efficiency. In this model, the state owns non-labor factors of production, and markets allocate final goods and consumer goods. The Lange model states that if all production is performed by a public body such as the state, and there is a functioning price mechanism, this economy will be Pareto-efficient, like a hypothetical market economy under perfect competition. Unlike models of capitalism, the Lange model is based on direct allocation, by directing enterprise managers to set price equal to marginal cost in order to achieve Pareto efficiency. By contrast, in a capitalist economy managers are instructed to maximize profits for private owners, while competitive pressures are relied on to indirectly lower the price to equal marginal cost.This model was first proposed by Oskar R. Lange in 1936 during the socialist calculation debate, and was expanded by economists like H. D. Dickinson, Abba P. Lerner and Fred M. Taylor. Although Lange and Lerner called it "market socialism", the Lange model is a form of planned economy where a central planning board allocates investment and capital goods, while markets allocate labor and consumer goods. The planning board simulates a market in capital goods by a trial-and-error process first elaborated by Vilfredo Pareto and Léon Walras.The Lange model was never implemented anywhere, not even in Oskar Lange's home country, Poland, where Soviet-type economic planning was imposed after World War II, precluding experimentation with Lange-style economy. Some parallels might be drawn with the New Economic Mechanism or so-called Goulash Communism in Hungary under Kadar, although this was not a pure Lange-model system.".
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- Lange_model wikiPageWikiLink A_Future_for_Socialism.
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- Lange_model wikiPageWikiLink Allocative_efficiency.
- Lange_model wikiPageWikiLink Capitalism.
- Lange_model wikiPageWikiLink Category:Economic_planning.
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- Lange_model wikiPageWikiLink Economic_equilibrium.
- Lange_model wikiPageWikiLink Economic_planning.
- Lange_model wikiPageWikiLink Externalities.
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- Lange_model wikiPageWikiLink Fred_M._Taylor.
- Lange_model wikiPageWikiLink Friedrich_Hayek.
- Lange_model wikiPageWikiLink Goulash_Communism.
- Lange_model wikiPageWikiLink Hungarian_Peoples_Republic.
- Lange_model wikiPageWikiLink Israel_Kirzner.
- Lange_model wikiPageWikiLink Janos_Kadar.
- Lange_model wikiPageWikiLink Joseph_Stiglitz.
- Lange_model wikiPageWikiLink János_Kádár.
- Lange_model wikiPageWikiLink Ludwig_von_Mises.
- Lange_model wikiPageWikiLink Léon_Walras.
- Lange_model wikiPageWikiLink Marginal_cost.
- Lange_model wikiPageWikiLink Marginal_cost_pricing.
- Lange_model wikiPageWikiLink Marginalism.
- Lange_model wikiPageWikiLink Market_economy.
- Lange_model wikiPageWikiLink Market_socialism.
- Lange_model wikiPageWikiLink Means_of_production.
- Lange_model wikiPageWikiLink Milton_Friedman.
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- Lange_model wikiPageWikiLink Oskar_R._Lange.
- Lange_model wikiPageWikiLink Pareto_efficiency.
- Lange_model wikiPageWikiLink Paul_Craig_Roberts.
- Lange_model wikiPageWikiLink Peoples_Republic_of_Hungary.
- Lange_model wikiPageWikiLink Perfect_competition.
- Lange_model wikiPageWikiLink Poland.
- Lange_model wikiPageWikiLink Production_for_use.
- Lange_model wikiPageWikiLink Roemer,_John.
- Lange_model wikiPageWikiLink Social_dividend.
- Lange_model wikiPageWikiLink Socialist_calculation_debate.
- Lange_model wikiPageWikiLink Socialist_economics.
- Lange_model wikiPageWikiLink Soviet-type_economic_planning.
- Lange_model wikiPageWikiLink The_New_Palgrave:_A_Dictionary_of_Economics.
- Lange_model wikiPageWikiLink The_New_Palgrave_Dictionary_of_Economics.
- Lange_model wikiPageWikiLink Vilfredo_Pareto.
- Lange_model wikiPageWikiLink Workplace_democracy.
- Lange_model wikiPageWikiLink X-inefficiency.
- Lange_model wikiPageWikiLinkText "Lange model".
- Lange_model wikiPageWikiLinkText "Lange-model socialism".
- Lange_model wikiPageWikiLinkText "Lange–Lerner model".
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- Lange_model subject Category:Economic_planning.
- Lange_model subject Category:Economic_systems.
- Lange_model subject Category:Economics.
- Lange_model subject Category:Economics_models.
- Lange_model subject Category:Market_socialism.
- Lange_model subject Category:Neoclassical_economics.
- Lange_model subject Category:Political_economy.
- Lange_model subject Category:Socialism.
- Lange_model hypernym Model.
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- Lange_model type Ideology.
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- Lange_model type Economy.
- Lange_model type Ideology.
- Lange_model type Model.
- Lange_model type Science.
- Lange_model type Subfield.
- Lange_model type Theory.
- Lange_model comment "The Lange model (or Lange–Lerner theorem) is a neoclassical economic model for a hypothetical socialist economy based on public ownership of the means of production and a trial-and-error approach to determining output targets and achieving economic equilibrium and Pareto efficiency. In this model, the state owns non-labor factors of production, and markets allocate final goods and consumer goods.".