Early Multisectoral Growth
The second major contribution to mathematical economics by von Neumann is represented by his famous multisectoral balanced growth model. The presentation of the model took place in 1931, at the same Viennese Mathematischen Kolloquiums where Wald read his contributions to general equilibrium. The paper was read again in the winter of 1932, at the mathematical seminar of Princeton University, as the author says on p.1 of the English translation of the essay.
KeywordsFixed Point Theorem Mathematical Economic Technical Coefficient Competitive Rule Subsistence Consumption
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