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The Economics of Control (Reprints of Economic Classics)
The Economics of Control - Reprints of Economic Classics Author:Abba Ptachya Lerner This work develops a completely general set of principles, based on the equation of marginal costs and marginal benefits, which would be applied to improve the performance of any economy. Lerner's utilitarian argument for perfect equality in the distribution of income and his neo-Keynesian exposition of the principles of 'functional finance' are... more » also noteworthy. "Lerner's best book became and remains the most comprehensive non-mathematical text on welfare economics." The New Palgrave« less