Abstract
Proceeding from his discovery of linear programming, Leonid Kantorovich developed its applications to optimization at the macroeconomic level. The universal value of his model for all socio-political systems was recognized by leading representatives of western economic science. Though Kantorovich created his macromodel specifically for the centrally planned system, it was not accepted by the Soviet leadership. The paper considers the conditions under which that macromodel could be successfully used in the mixed economic system of Russia. Bibliography: 10 titles.
Similar content being viewed by others
REFERENCES
T. C. Koopmans, “On the concept of optimal economic growth,” Pontificiae Academiae Scientiarum Scripta Varia, 28, 225–300 (1965).
T. C. Koopmans, “Intertemporal distribution and optimal aggregate economic growth,” in: Ten Economic Studies in the Tradition of Irving Fisher, W. Fellner (ed.), John Wiley, New York (1967).
T. C. Koopmans, “Objectives, constraints and outcomes in optimal growth models,” Econometrica, 35, 1–15 (1967).
Leonid Vitalievich Kantorovich: Man and Scientist [in Russian], Vol. 1, Novosibirsk (2002).
J. E. Stiglitz, “The causes and consequences of the dependence of quality on price,” J. Economic Literature, 27, 1–48 (1987).
K. J. Arrow and F. H. Hahn, General Competitive Analysis, Holden-Day, San Francisco (1971).
L. von Mises, “Economic calculation in the socialist commonwealth,” in: Collective Economic Planning, F. A. von Hayek (ed.), Routledge & Keagan Paul, London (1935).
O. Lange, “On the economic theory of socialism,” in: On the Economic Theory of Socialism, O. Lange and F. Taylor (eds.), University of Minnesota Press, Minneapolis (1938).
W. Nicholson, Microeconomic Theory, Dryden Press, Chicago (1989).
F. A. von Hayek, “Socialist calculation: the competitive 'solution',” Economica, VIII, No. 26 (1940).
Author information
Authors and Affiliations
Additional information
__________
Translated from Zapiski Nauchnykh Seminarov POMI, Vol. 312, 2004, pp. 30–46.
Rights and permissions
About this article
Cite this article
Menshikov, S.M. Topicality of Kantorovich's Economic Model. J Math Sci 133, 1391–1397 (2006). https://doi.org/10.1007/s10958-006-0053-6
Received:
Issue Date:
DOI: https://doi.org/10.1007/s10958-006-0053-6