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...

An upward shift in the CONSUMPTION FUNCTION caused by an increase in the level of money or public debt claims, leading to a FULL-EMPLOYMENT equilibrium level of public debt. Lerner, A.P. (1948) ‘The burden of the national debt’, in Income,...

Abba Ptachya Lerner (October 28, 1903–October 27, 1982) was an American economist. Lerner was born on October 28, 1903 in Bessarabia (territory now in Ukraine or Moldova). He grew up in a Jewish family, which emigrated to Great Britain when Lerner...