IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-15430-2_2.html
   My bibliography  Save this book chapter

A Note on J. von Neumann’s Article on “A Model of Economic Equilibrium”

In: Readings in the Theory of Growth

Author

Listed:
  • D. G. Champernowne

Abstract

The supreme merit of this paper lies in the elegance of the mathematical solution of a highly generalised problem in theoretical economics. But the paper is of considerable interest to economists as well as to mathematicians, because it deals simultaneously with questions on several fields of economics, which until this paper was first read, (in 1932) had seldom been considered together as parts of one problem. For example, in this short paper the author considers which goods will be free goods, and the determination of the prices of goods which are not free: at the same time he examines which productive processes and scales of production will be optimum and which will be unprofitable: he also examines the degree in which each optimum process will be used and the relative amounts of different goods that will be produced. At the same time he demonstrates the mechanism which determines the rate of interest and the rate of expansion of the whole economy.

Suggested Citation

  • D. G. Champernowne, 1971. "A Note on J. von Neumann’s Article on “A Model of Economic Equilibrium”," Palgrave Macmillan Books, in: F. H. Hahn (ed.), Readings in the Theory of Growth, chapter 2, pages 10-18, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15430-2_2
    DOI: 10.1007/978-1-349-15430-2_2
    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.

    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:978-1-349-15430-2_2. 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.