Mathematical Methods of Organizing and Planning

• Article: Leonid Kantorovich’s Mathematical Methods of Organizing and Planning

URL = http://mansci.journal.informs.org/content/6/4/366.abstract

Discussion

by Gavin Mendel-Gleason [1] :

"Kantorovich was a phenomenal Russian mathematician who discovered a novel approach for solving a class of optimisation problems useful in the planning of production. Specifically, Kantorovich’s method is able to determine the most efficient allocation of productive capacity and inputs for a given output maximisation.

The proposal is immanently useful, but it is not fully an alternative economic system. Instead, goals have to be somehow socially determined, as with the exchange relation, it is mediated through capitalist investment and consumer prices. I wait with baited breath for someone to marry Kantorovich’s method with a more full conception of how to apply it to an economy."