Oscar Lange’s Market Socialism

Oscar Lange’s Market Socialism

Oscar Lange is known in the West, above all, as the author of the classical and widely criticized model of markt socialism. An enormous amount has been written about this model, some of it developing Lange’s idea and much of it criticizing its weaknesses. This article is concerned not so much with the systematic exposition and criticism of Lange’s model as with discussing the place it occupied in the development of his views on socialism.

During his lifetime, Lange was able...