Abba P. Lerner

Who was Abba P. Lerner?

Abba Ptachya Lerner was a Russian-born British economist.

Abraham Psachia Lerner was born on October 28, 1903 in Bessarabia. He grew up in a Jewish family, which emigrated to Great Britain when Lerner was three years old. Lerner grew up in the London East End. From the age of sixteen he worked as a machinist, a teacher in Hebrew schools, and as a businessman. He entered the London School of Economics in 1929 where he would study under Friedrich Hayek. A six-month stay at Cambridge in 1934–1935 brought him into contact with John Maynard Keynes. Lerner married Alice Sendak in 1930; they had twin children, Marion and Lionel, in 1932.

In 1937, Lerner emigrated to the United States. While in the US, Lerner befriended his intellectual opponents Milton Friedman and Barry Goldwater.