Abstract
Matrix and vector notation was introduced in the last chapter in the context of linear programmes. The basic ideas of matrix (or linear) algebra should be familiar from school mathematics but they need to be developed before they can be fully exploited in economic applications.
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Further reading
Pasinetti (1977) discusses linear disaggregated models including the Leontief model. Steedman (1977) uses linear algebra method to develop an interesting approach to Marxian economics. Main-waring (1984) and Broome (1983) provide useful discussions of ‘neo-Ricardian’ economics.
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© 1988 Donald A.R. George
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George, D.A.R. (1988). Linear algebra. In: Mathematical Modelling for Economists. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19238-0_5
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DOI: https://doi.org/10.1007/978-1-349-19238-0_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-42444-5
Online ISBN: 978-1-349-19238-0
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