Abstract
The von Neumann technology is a convenient tool for the description and analysis of a wide variety of economic systems. It can be considered a special form of describing the production possibility set (i.e. the production process of the economic system, a form mostly designed for mathematical research of development dynamics).
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
Champernowne, D.G. 1945–6. A note on J. von Neumann’s article on ‘A model of general economic equilibrium’. Review of Economic Studies 13: 10–18.
Gale, D. 1956. The closed linear model of production. In Linear inequalities and related systems, Annals of Mathematics Studies, vol. 38, ed. H.W. Kuhn and A.W. Tucker. Princeton: Princeton University Press.
Kemeny, J., O. Morgenstern, and G. Thompson. 1956. A generalization of the von Neumann model of an expanding economy. Econometrica 24: 115–135.
Los, J. 1978. Mathematical theory of von Neumann economic models. Report on recent results. Colloquia Mathematica 40(2): 327–346.
Makarov, V.L., and A.M. Rubinov. 1977. Mathematical theory of economic dynamics and equilibria. New York: Springer.
Morgenstern, O., and G. Thompson. 1976. Mathematical theory of expanding and contracting economies. Lexington: D.C. Heath.
von Neumann, J. 1945–6. A model of general economic equilibrium. Review of Economic Studies 13: 1–9.
Author information
Authors and Affiliations
Editor information
Copyright information
© 2018 Macmillan Publishers Ltd.
About this entry
Cite this entry
Makarov, V. (2018). Von Neumann Technology. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_1377
Download citation
DOI: https://doi.org/10.1057/978-1-349-95189-5_1377
Published:
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-95188-8
Online ISBN: 978-1-349-95189-5
eBook Packages: Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences