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Mises, Kantorovich and Economic Computation

By W. Paul Cockshott

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.

Topics: C63 - Computational Techniques; Simulation Modeling, P2 - Socialist Systems and Transitional Economies, B24 - Socialist; Marxist; Sraffian, B25 - Historical; Institutional; Evolutionary; Austrian
Year: 2007
DOI identifier: 10.4337/ejeep.2010.01.13
OAI identifier: oai:mpra.ub.uni-muenchen.de:6063

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