Assertion: economist's theory | /r/HasProperty | developed in late 1920s
Facets:
value: by abba lerner
type: OTHER
value: by economists fred m. taylor
type: OTHER
value: by oskar r. lange
type: OTHER
Source sentences:
text: In response to the Economic Calculation Problem proposed by the Austrian School of Economics that disputes the efficiency of a state-run economy, the theory of Market Socialism was developed in the late 1920s and 1930s by economists Fred M. Taylor (1855–1932), Oskar R. Lange (1904–1965), Abba Lerner (1903–1982) et al., combining Marxian economics with neoclassical economics after dumping the labor theory of value.