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Russian-British economist (1903–1982) From Wikipedia, the free encyclopedia
Abraham "Abba" Ptachya Lerner (also Abba Psachia Lerner;[1][2] 28 October 1903 – 27 October 1982) was a Russian-born American-British economist.
Abba P. Lerner | |
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![]() Lerner in 1938 | |
Born | Abraham Ptachya Lerner 28 October 1903 |
Died | 27 October 1982 78) | (aged
Nationality | Russian-British-American |
Academic career | |
Field | Economics |
School or tradition | Post-Keynesian economics |
Alma mater | London School of Economics |
Influences | Friedrich Hayek, John Maynard Keynes, Paul Samuelson, Oskar R. Lange |
Born in Novoselytsia, Bessarabia, Russian Empire,[3] Lerner grew up in a Jewish family, which emigrated to Great Britain when Lerner was three years old. Lerner grew up in London's East End and from age 16 worked as a machinist, a teacher in Hebrew schools, and as an entrepreneur. In 1929, Lerner entered the London School of Economics, where he studied under Friedrich Hayek. A six-month stay at Cambridge in 1934–1935 brought him into contact with John Maynard Keynes. In 1937, Lerner emigrated to the United States.[4][5] While in the US, he befriended intellectual opponents Milton Friedman and Barry Goldwater.[6]
Lerner never stayed at one institution long, serving on the faculties of nearly a dozen universities and accepting over 20 visiting appointments.[7] Lerner was 62 when he was given a professorship at the University of California, Berkeley in 1965 and left after reaching mandatory retirement age six years later.[7] During his time there, Lerner criticized the unrest caused by the student protests as a threat to academic freedom.[7]
Abba Lerner taught in the Economics Department at Florida State University, for several years. He stopped teaching after he suffered a stroke while visiting Israel.
Although Lerner never received the Sveriges Riksbank's Nobel Memorial Prize in Economic Sciences, he has been recognized as one of the greatest economists of his era.[8]
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