MEADE (James E.)
Mr Lerner on 'The Economics of Control'.
A nice association copy, presented from one Nobel Laureate to another, inscribed by the author to his Cambridge colleague Sir Richard Stone ‘With best wishes, J.E. M.’ in black ink, and with Stone’s ownership stamp to the front cover.
A substantial positive appraisal of Abba P. Lerner’s book The Economics of Control: Principles of Welfare Economics (1944), which Meade described even more glowingly in his private diaries: ‘Here is a real Liberal-Socialist-Welfare-Marginalist economist. … what a breath of fresh air it is, after the dreadful arbitrary and authoritarian quantitative planning of Balogh on the one hand and the extreme laissez-faire attitude of Hayek on the other’ (Collected Papers of James Meade, Vol. 4).
