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Abba Ptachya Lerner ( October 28, 1903 – October 27, 1982 ) was an American economist.
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Abba and Lerner
Part of the reason that Hayek stressed the knowledge problem was also because he was mainly concerned with debating the proposal for Market Socialism and the Lange Model by Oskar R. Lange ( 1938 ) and Hayek's student Abba Lerner ( 1934, 1937, 1938 ), which was developed in response to the calculation argument.
Upon his arrival in London, Hayek was quickly recognized as one of the leading economic theorists in the world, and his development of the economics of processes in time and the coordination function of prices inspired the ground-breaking work of John Hicks, Abba Lerner, and many others in the development of modern microeconomics.
Economists who studied with Hayek at the LSE in the 1930s and the 1940s include Arthur Lewis, Ronald Coase, John Kenneth Galbraith, Abba Lerner, Nicholas Kaldor, George Shackle, Thomas Balogh, Vera Smith, L. K. Jha, Arthur Seldon, Paul Rosenstein-Rodan, and Oskar Lange.
Hayek's work on the macroeconomic subjects of central planning, trade cycle theory, the division of knowledge, and entrepreneurial adaptation especially, differ greatly from the opinions of macroeconomic " Marshallian " economists in the tradition of John Maynard Keynes and the microeconomic " Walrasian " economists in the tradition of Abba Lerner.
In the Economics of Control ( 1944 ) Abba Lerner admitted that capital investment would be politicized in market socialism.
During the 1970s, this story had to be modified, because ( as the late Abba Lerner had suggested in the 1940s ) workers try to keep up with inflation.
A notable proponent was Ukrainian American economist Abba P. Lerner, who founded the school of Neo-Chartalism, and advocated deficit spending in his theory of functional finance.
This theory was independently discovered by Abba Lerner in 1933 but was published much later in 1952.
Although Hayek's work was intended to discredit the effectiveness of central planning agencies over a free market system, his proposal that price mechanisms communicate information about scarcity of goods inspired Abba Lerner, Tjalling Koopmans, Leonid Hurwicz, George Stigler and others to further develop the field of information economics.
This was first demonstrated graphically by economist Abba Lerner and mathematically by economists Harold Hotelling, Oskar Lange, Maurice Allais, Kenneth Arrow and Gérard Debreu.
The Marshall – Lerner condition ( after Alfred Marshall and Abba P. Lerner ) has been cited as a technical reason why a reduction in value of a nation's currency need not immediately improve its balance of payments.
When the Soviet economy was still growing strongly, the market socialists were often regarded as unorthodox heretics ( one exception was Oskar R. Lange ), or regarded as reformist social democrats ( such as Abba Lerner ).
Abba and October
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Abba and 1903
A second wave of pioneer settlers founded Wilhelma ( now Bnei Atarot ) in 1902 near Lod, Valhalla ( 1903 ) near the original Jaffa colony, followed by Bethlehem of Galilee ( 1906 ) and Waldheim ( now Alonei Abba ) in 1907.
Abba and –
Abba Arikka ( 175 – 247 ) ( Talmudic Aramaic: ; born: Abba bar Aybo, Hebrew: רבי אבא בר איבו ) was a Jewish Talmudist who lived in Sassanid Babylonia, known as an amora ( commentator on the Oral Law ) of the 3rd century who established at Sura the systematic study of the rabbinic traditions, which, using the Mishnah as text, led to the compilation of the Talmud.
251 – 356 ), also known as Saint Anthony, Anthony of Egypt, Anthony the Abbot, Anthony of the Desert, Anthony the Anchorite, Anthony of Thebes, Abba Antonius ( Ἀββᾶς Ἀντώνιος ), and Father of All Monks, was a Christian saint from Egypt, a prominent leader among the Desert Fathers.
Jacob ben Abba Mari ben Simson Anatoli ( c. 1194 – 1256 ) was a translator of Arabic texts to Hebrew.
* November 17 – Abba Eban, Israeli politician and diplomat, 3rd Minister of Foreign Affairs ( b. 1915 )
Abba Eban (, born Abba Solomon Meir ; later adopted Aubrey Solomon Eban ; 2 February 1915 – 17 November 2002 ) was an Israeli diplomat and politician.
* December 3 – The most successful group of the 1970s, Abba, release their final original single " Under Attack ".
Saint Moses the Black ( Coptic: Ⲁⲃⲃⲁ Ⲙⲱⲥⲏ ) ( 330 – 405 ), ( also known as Abba Moses the Robber, the Ethiopian and the Strong ) was an ascetic monk and priest in Egypt in the fourth century AD, and a notable Desert Father.
Abba has been found as a personal name in a 1st-century burial at Giv ' at ja-Mivtar, and Abba also appears as a personal name frequently in the Gemara section of the Talmud, dating from AD 200 – 400.
For example, the galactic development combine CHOAM in the original Dune story becomes NOAMCHOMSKI, an acronym which expands to the name Neutralis Organizational Abba Mercantile Condominium Havatampa Orthonovum Minnehaha Shostakovich Kategorial Imperative – a name whose style mocks that of the equally-impenetrable Combine Honnete Ober Advancer Mercantiles – and is mentioned and expanded on by some characters to the point of compulsion.
In May 2010, the core business – as a separate company called Kalev Chocolate Factory – was sold to the Nordic food industry group Felix Abba, which is a subsidiary of the conglomerate Orkla Group.
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