The New Palgrave Dictionary of Economics

Living Edition
| Editors: Palgrave Macmillan

Von Neumann Technology

  • V. Makarov
Living reference work entry


The von Neumann technology is a convenient tool for the description and analysis of a wide variety of economic systems. It can be considered a special form of describing the production possibility set (i.e. the production process of the economic system, a form mostly designed for mathematical research of development dynamics).

This is a preview of subscription content, log in to check access.


  1. Champernowne, D.G. 1945–6. A note on J. von Neumann’s article on ‘A model of general economic equilibrium’. Review of Economic Studies 13: 10–18.Google Scholar
  2. Gale, D. 1956. The closed linear model of production. In Linear inequalities and related systems, Annals of Mathematics Studies, vol. 38, ed. H.W. Kuhn and A.W. Tucker. Princeton: Princeton University Press.Google Scholar
  3. Kemeny, J., O. Morgenstern, and G. Thompson. 1956. A generalization of the von Neumann model of an expanding economy. Econometrica 24: 115–135.CrossRefGoogle Scholar
  4. Los, J. 1978. Mathematical theory of von Neumann economic models. Report on recent results. Colloquia Mathematica 40(2): 327–346.Google Scholar
  5. Makarov, V.L., and A.M. Rubinov. 1977. Mathematical theory of economic dynamics and equilibria. New York: Springer.CrossRefGoogle Scholar
  6. Morgenstern, O., and G. Thompson. 1976. Mathematical theory of expanding and contracting economies. Lexington: D.C. Heath.Google Scholar
  7. von Neumann, J. 1945–6. A model of general economic equilibrium. Review of Economic Studies 13: 1–9.Google Scholar

Copyright information

© The Author(s) 1987

Authors and Affiliations

  • V. Makarov
    • 1
  1. 1.