IDEAS home Printed from https://ideas.repec.org/a/bla/kyklos/v22y1969i1p45-61.html
   My bibliography  Save this article

Von Neumann'S Model And Soviet Long‐Term (Perspective) Planning

Author

Listed:
  • George Morton
  • Alfred Zauberman

Abstract

The first to draw Soviet economists’ attention—in the early ‘sixties’—to the von Neumann model, hitherto unknown in, and indeed alien to Soviet economics, was Nemchinov. The subject was taken up by several writers: of particular interest is the impact of the construct on the model of'dynamic planning’ designed by Kantorovich and Makarov; this is the theme of the present article. MORTON and Zauberman start from a discussion of the von Neumann‐type equilibrium in a long term economic plan. They then turn to several specific issues which have been for some time focal in Soviet planning thought and analyse the significance for them of the von Neumann model. These are in particular the nexus between the pace of the economy's growth and investment efficiency—traditionally recognized as central in the advance for Soviet economy; further the problems of efficiency and profit rates and in general the efficiency parameters (pricing). The authors also discuss the quest for an optimality criterion—from the angle of their theme. The article concludes with precepts for the planner as influenced by the VON Neumann ideas.

Suggested Citation

  • George Morton & Alfred Zauberman, 1969. "Von Neumann'S Model And Soviet Long‐Term (Perspective) Planning," Kyklos, Wiley Blackwell, vol. 22(1), pages 45-61, February.
    • Handle: RePEc:bla:kyklos:v:22:y:1969:i:1:p:45-61
    DOI: 10.1111/j.1467-6435.1969.tb02521.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-6435.1969.tb02521.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-6435.1969.tb02521.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:kyklos:v:22:y:1969:i:1:p:45-61. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0023-5962 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.