IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/88.html
   My bibliography  Save this paper

Cybernetics in Economics

Author

Listed:
  • Kyn, Oldrich
  • Pelikan, Pavel

Abstract

In 1965 Kyn and Pelikan published in Czechoslovakia the book “Kybernetika v Ekonomii” (Cybernetics in Economics). This article, which was published in Prague in English gives the summary and discusses some more important ideas of that book. The book was quite successful and influenced significantly the way economists were at that time looking at the centrally planned economic system imported from the Soviet Union. The main ideas were: a) the crucial role of information in coordination of economic activities; b) the requirements of the appropriate decision making rules; c) the refutation of the prevailing negative views of randomness and spontaneity; d) the role of “natural selection” for processes of self-organization in economic systems. This provided an implicit critique of the over-centralized command economy and indicated the necessity to revive the market economy.

Suggested Citation

  • Kyn, Oldrich & Pelikan, Pavel, 1965. "Cybernetics in Economics," MPRA Paper 88, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:88
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/88/1/MPRA_paper_88.pdf
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Hurwicz, Leonid, 1979. "On allocations attainable through Nash equilibria," Journal of Economic Theory, Elsevier, vol. 21(1), pages 140-165, August.
    2. Shapley, Lloyd S. & Shubik, Martin, 1969. "On market games," Journal of Economic Theory, Elsevier, vol. 1(1), pages 9-25, June.
    3. Morishima,Michio, 1996. "Dynamic Economic Theory," Cambridge Books, Cambridge University Press, number 9780521563246, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Economic Cybernetics; Information; Decission-making; Planning; Selforganization;

    JEL classification:

    • P29 - Economic Systems - - Socialist Systems and Transition Economies - - - Other
    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform

    Statistics

    Access and download statistics

    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:pra:mprapa:88. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.