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On the Question of Applying Economic-Mathematical Methods in Practice

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  • Ia. Gerchuk

Abstract

At the end of the '50s, research on the application of mathematical methods to economics underwent extensive development. At that time economic science was searching for ways of improving its methods, which were noticeably lagging behind the demands of planning, projecting, and current economic practice. It was believed that mathematical methods, having been so fruitfully applied in many fields of knowledge in recent decades, would also be useful in economics. At any rate, their application answered the acute need to refine and improve the methodology of concrete economic research and planning. Accordingly, economic-mathematical methods, as they came to be called, quickly won widespread recognition. They were intensively elaborated, and it was believed that a great national economic effect would accrue from this new direction in economic science.

Suggested Citation

  • Ia. Gerchuk, 1969. "On the Question of Applying Economic-Mathematical Methods in Practice," Problems of Economic Transition, Taylor & Francis Journals, vol. 12(5), pages 52-70.
  • Handle: RePEc:mes:prectr:v:12:y:1969:i:5:p:52-70
    DOI: 10.2753/PET1061-1991120552
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