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Von Neumann Technology

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The New Palgrave Dictionary of Economics

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Abstract

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 chapter was originally published in The New Palgrave: A Dictionary of Economics, 1st edition, 1987. Edited by John Eatwell, Murray Milgate and Peter Newman

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Bibliography

  • 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.

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  • 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.

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  • Kemeny, J., O. Morgenstern, and G. Thompson. 1956. A generalization of the von Neumann model of an expanding economy. Econometrica 24: 115–135.

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  • Los, J. 1978. Mathematical theory of von Neumann economic models. Report on recent results. Colloquia Mathematica 40(2): 327–346.

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  • Makarov, V.L., and A.M. Rubinov. 1977. Mathematical theory of economic dynamics and equilibria. New York: Springer.

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  • Morgenstern, O., and G. Thompson. 1976. Mathematical theory of expanding and contracting economies. Lexington: D.C. Heath.

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  • von Neumann, J. 1945–6. A model of general economic equilibrium. Review of Economic Studies 13: 1–9.

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  1. http://link.springer.com/referencework/10.1007/978-1-349-95121-5

    V. Makarov

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  1. V. Makarov
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    © 1987 The Author(s)

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    Makarov, V. (1987). Von Neumann Technology. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_1377-1

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    • DOI: https://doi.org/10.1057/978-1-349-95121-5_1377-1

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    • Publisher Name: Palgrave Macmillan, London

    • Online ISBN: 978-1-349-95121-5

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