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Mises, Kantorovich and Economic Computation

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  • Cockshott, W. Paul

Abstract

An 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.

Suggested Citation

  • Cockshott, W. Paul, 2007. "Mises, Kantorovich and Economic Computation," MPRA Paper 6063, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:6063
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    File URL: https://mpra.ub.uni-muenchen.de/6063/1/MPRA_paper_6063.pdf
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    References listed on IDEAS

    as
    1. 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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    More about this item

    Keywords

    Kantorovich; Linear-programming; von-Mises;
    All these keywords.

    JEL classification:

    • C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
    • P2 - Political Economy and Comparative Economic Systems - - Socialist 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; Stockholm School

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