Mises, Kantorovich and Economic Computation
AbstractAn article that reviews the work of Kantorovich in the light of von Mises claim that rational calculations were impossible without markets. It gives a tutorial introduction to the use of Kantorovich's methods, compares his approach to that of Dantzig. An assesment is given of the extent to which new interior point methods of linear programming strengthen or weaken Kantorovich's claims.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 6063.
Date of creation: 2007
Date of revision:
Kantorovich; Linear-programming; von-Mises;
Find related papers by JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- P2 - Economic Systems - - Socialist Systems and Transition Economies
- B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
- B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian
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- L. V. Kantorovich, 1960. "Mathematical Methods of Organizing and Planning Production," Management Science, INFORMS, vol. 6(4), pages 366-422, July.
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