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The compressibility of economic systems and the problem of economic constants

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Authors and Affiliations

  1. Econometric Research Program, Princeton University, 92-A Nassau Street, 08540, Princeton, New Jersey, USA

    Oskar Morgenstern

  2. Institute for Advanced Studies, Stumpergasse 56, A-1060, Vienna

    Oskar Morgenstern

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  1. Oskar Morgenstern
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This paper has two parts: the first is an adaptation of one written and distributed in 1954 as a RAND Research Memorandum, the second supplements it on the basis of some lectures given at the University of Basel in 1960 and at Princeton in 1964. The topic is a large one that continues to trouble my mind. There are here many important questions, some of which I hope I have put in such a form that also others will be induced to take them up.

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Morgenstern, O. The compressibility of economic systems and the problem of economic constants. Zeitschr. f. Nationalökonomie 26, 190–203 (1966). https://doi.org/10.1007/BF01515575

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  • DOI: https://doi.org/10.1007/BF01515575

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