On the Mathematical Theory of Globally Optimal Planned Economic Systems
Abstract
Applying a theorem of non-negative matrix to an economic system, we obtain the rate of growth of the system and the ratio between the sectors of production. Accordingly, we establish a positive eigenvector method for planning economics.
- Publication:
-
Proceedings of the National Academy of Science
- Pub Date:
- October 1984
- DOI:
- 10.1073/pnas.81.20.6549
- Bibcode:
- 1984PNAS...81.6549H