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Georg Charasoff: A Pioneer in the Theory of Linear Production Systems

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  • Georg Stamatis

Abstract

This paper exposes mathematically Charasoff s results on linear production systems. Charasoff developed an algorithm for the iterative calculation of the Leontief inverse, the concepts of basic and non-basic commodities, as well as the Srajfian standard system. This allowed him, given the real wage rate, to calculate the profit rate independently of prices as the ratio of two physically homogeneous magnitudes, and then the prices for an already given profit rate. Therefore, as early as 1910, Charasoff had developed significant concepts of the theory of linear production systems, which long afterwards became more broadly known through the works of Leontief and Sraffa.

Suggested Citation

  • Georg Stamatis, 1999. "Georg Charasoff: A Pioneer in the Theory of Linear Production Systems," Economic Systems Research, Taylor & Francis Journals, vol. 11(1), pages 15-30.
    • Handle: RePEc:taf:ecsysr:v:11:y:1999:i:1:p:15-30
    DOI: 10.1080/09535319900000003
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    Cited by:

    1. PARYS, Wilfried, 2013. "All but one: How pioneers of linear economics overlooked Perron-Frobenius mathematics," Working Papers 2013030, University of Antwerp, Faculty of Business and Economics.

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