Quote of the day
The Constitution was the expression not only of a political faith, but also of political fears. It was wrought both as the organ of the national interest and as the bulwark of certain individual and local rights.
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)