On the Application of Mathematics in Economics

Abstract

The problems of applying mathematical methods in economic science have been worked on intensively in our country for several years now. This work is being conducted by a special laboratory of the USSR Academy of Sciences, the Institute of Economic Research of the State Economic Council, the Institute of Complex Transport Problems of the USSR Academy of Sciences, by a number of universities, Moscow and Leningrad Universities, the Moscow State Institute of Economics, the Moscow Institute of Engineering Economics, the Siberian Branch of the USSR Academy of Sciences, the Armenian Academy of Sciences, and others. In April 1960 the USSR Academy of Sciences held a special conference at which economists and mathematicians met for joint creative discussions. (>u>1>/u>) The problems involved in applying mathematics to economics are dealt with in monographs and economic journals. (>u>2>/u>) This is unquestionably a progressive phenomenon.