IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-15277-3_11.html
   My bibliography  Save this book chapter

Linear Programming — an Economic and Accounting Interpretation

In: An Introduction to Econometrics

Author

Listed:
  • A. A. Walters

    (London School of Economics)

Abstract

During the 1950s probably the most significant developments took place in economics since the Keynesian revolution of the mid-1930s. These new developments took the form of an immense simplification in the statement of economic problems and their solution. And this same simplification enabled one to extend the theory of economics back into the technological foundations on which it stands. We can now show how the economic decision can be cast in the form of a choice between various available technologies; the economics and the engineering are integrated and coordinated. Furthermore one can show how the economic-engineering decision can be interpreted in terms of the concepts of cost accounting. Indeed the linear approach enables one to erect a logical and consistent theory of cost accounting that fits neatly into the technological and economic theories of the process.

Suggested Citation

  • A. A. Walters, 1970. "Linear Programming — an Economic and Accounting Interpretation," Palgrave Macmillan Books, in: An Introduction to Econometrics, edition 0, chapter 11, pages 341-369, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15277-3_11
    DOI: 10.1007/978-1-349-15277-3_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:pal:palchp:978-1-349-15277-3_11. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    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.