"The capitalist system is far removed from the model of a competitive economy as elaborated by economic theory. And even if it conformed to it, it would be, as we have seen, far from maximizing social welfare. Only a socialist economy can fully satisfy the claim made by many economists with regard to the achievements of free competition."
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"On the Economic Theory of Socialism", Review of Economic Studies, Vol. IV, Nos. 1 and 2 (October, 1936, and February, 1937)
https://en.wikiquote.org/wiki/Oskar_R._Lange
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Oskar R. Lange
Oskar Ryszard Lange (July 27, 1904 – October 2, 1965) was a Polish economist and diplomat. He was most known for advocating the use of market pricing tools in socialist systems and providing a model of market socialism.
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