Quote of the day
The first duty towards children is to make them happy. If you have not made them so, you have wronged them. No other good they may get can make up for that.
Oskar R. Lange
Born: July 27, 1904
Died: October 2, 1965 (aged 61)
Bio: Oskar Ryszard Lange was a Polish economist and diplomat. He was most known for advocating the use of market pricing tools in socialist systems and providing a model of market socialism.
Known for:
- On the Economic Theory of Socialism
- Introduction to economic cybernetics
- Optimal decisions
- Papers in economics and sociology
- Political Economy (1963)