Von Mises, Kantorovich and in-natura calculation
AbstractThe article reviews the idea of calculation in kind. It is argued that Kantorovich and subsequent mathematicians essentially validated the idea of in-kind calculation. This has not been evident because Kantorovich nowhere deals with the Austrian school and they for their part have ignored him. The article continues by examining improvements in linear optimisation since Kantorovich and the implications these have for economic planning. Finally it discusses the problem of deriving the plan ray in the context of markets for consumer goods.
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Bibliographic InfoArticle provided by Edward Elgar in its journal Intervention.
Volume (Year): 7 (2010)
Issue (Month): 1 ()
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Web page: http://www.elgaronline.com/ejeep
planning; calculation debate; linear optimisation;
Find related papers by JEL classification:
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- B14 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Socialist; Marxist
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