Quote of the day
It is better to meet danger than to wait for it. He that is on a lee shore, and foresees a hurricane, stands out to sea and encounters a storm to avoid a shipwreck.
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)