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Lerner, Abba Ptachya, 1903-82 (B3) Anglo-American economist, born in Bessarabia (Romania), who emigrated as a child to the UK. After working as a businessman, he studied and taught at the London School of Economics from 1929 to 1939. In 1939 he emigrated to the USA, where he was to teach in nine universities, including Berkeley from which he retired in 1979. His measure of monopoly power published in 1934 helped to found the MARGINAL COST PRICING rule of applied WELFARE ECONOMICS. His London School of Economics doctoral thesis was published as The Economics of Control in 1944: it sets out the basic principles to be followed by an economic policy-maker, including PARETO OPTIMALITY, equal distribution of income and budgeting with reference to employment and price effects. He was an early convert to KEYNES!ANISM which he enhanced by his work after 1945 on the problem of controlling inflation, including the construction of his anti-inflation plan.<br /><em>See also:</em> market anti-inflation plan <br /><em>Reference</em><br />Colander, D.C. (ed.) (1983) Selected Economic Writings of Abba P Lerner, New York: New York University Press.<br /> Scitovsky, T (1984) 'Lerner's contribution to economics', Journal of Economic Literature 22: 1547-71. payday cash loan maryland cash n go loans sacramento first cash advance port arthur tx bad credit loan lenders not brokers payday pro review installment loans with bad credit instant cash back cash advance loan with payments emergency cash holder personal loans tax write off no credit check loans student loans payday loans law |
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<strong>NDSL</strong> – National Direct Student Loan, renamed the Federal Perkins Loan Program in 1992. (Note: this is NOT the same program as the William D. Ford Direct Loan Program, or FDLP.) online personal loans llc cash time auto loans mesa az usa payday loan chicago advance loan from h\u0026r block fast loan apply primary labour market (J4)<br />That part of a national labour market consisting of large firms whose workers have good pay, job security and training.<br /><em>See also:</em> dual labour market; internal labour market; secondary labour market credit crunch (E5)<br />A shortage of bank loans and other forms of credit which brings about the curtailment of a business's activities or even its collapse. Credit can be limited by its price, by the type of borrower or by the state of the lender's balance sheet relative to the criteria used by a regulatory body (this often happened in the USA under REGULATION Q). The crunch comes under regulation because the lenders cannot use their own funds.<br /><em>Reference</em><br />Wojnilower, A.M. (1980) 'The central role of credit crunches as recent financial history', Brookings Papers on Economic Activity 2: 277-326. cash advance fee mbna unsecured personal loan network |
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