From October 1935 to 1944, the research agenda implemented by the Oxford Institute of Statistics diverged from the lines of research of both Cambridge and the Oxford Economic Research Group. Rather than following the Marshallian tradition, the OIS staff assumed a continental scheme of thought,...

Oskar Lange's 1938 article "The Rate of Interest and the Optimum Propensity to Consume", is usually associated with the original IS-LM approach of the late 1930s. However, Lange's article was not only an attempt to illuminate Keynes's main innovations but the first part of a wide project that...

Lange's rejection of bureaucratic socialism can be traced throughout his works, from the very beginning to the end. Planners and economic agents have to act under mandatory rules provided by economic theory to avoid the risk of an autocratic regime detached from the people's needs. Drawing upon...