ABSTRACT
In a 1935 paper weighing the benefits and shortcomings of Marxian political economy against those of mainstream economic theory, Oskar Lange (1935) argued that the former, while admittedly falling short of the latter in areas such as pricing and resource allocation, offered a number of additional major advantages: specifically, besides bringing to the foreground economic organisation patterns, class divisions in society and different modes of production, it mainly aimed to reveal the laws governing the evolution of human society in a long-term perspective.
