| Share
 

Abba Ptachya Lerner

Lerner, Abba Ptachya (äbˈə pətächˈyə lĕrˈnər, lûrˈnər) [key], 1903–82, American economist, b. Romania. After studying at the London School of Economics in the 1930s, he collaborated with Keynes at Cambridge. Lerner came to the United States in 1937. His book on market pricing in a socialist economy, The Economics of Control (1944), developed the Marshall–Lerner criterion, based on the elasticity principle of Alfred Marshall. Lerner explained how a nation's balance of trade could affect the exchange rate in an economy where the currency has been devalued. In the late 1970s, Lerner wrote a highly detailed and respected work on inflation, The Market Anti-Inflation Plan.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

More on Abba Ptachya Lerner from Infoplease:

  • J - M - J - M William Jaggard Thomas James Jeremiah Whipple Jenks Georg Jensen Nicolas Jenson William ...

See more Encyclopedia articles on: Economics: Biographies


Premium Partner Content
HighBeam Research
Documents Images and Maps Reference
(from Newspapers, Magazines, Journals, Newswires, Transcripts and Books)

Research our extensive archive of more than 80 million articles from 6,500 publications.

Additional search results provided by HighBeam Research, LLC. © Copyright 2005. All rights reserved.

24 X 7

Private Tutor

Click Here for Details
24 x 7 Tutor Availability
Unlimited Online Tutoring
1-on-1 Tutoring