Von Mises, Kantorovich and in-natura calculation
The 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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- L. V. Kantorovich, 1960. "Mathematical Methods of Organizing and Planning Production," Management Science, INFORMS, vol. 6(4), pages 366-422, July.
- Swann, M J, 1975. "On the Theory of Optimal Planning in the Soviet Union," Australian Economic Papers, Wiley Blackwell, vol. 14(24), pages 41-56, June.
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