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Leonid Kantorovich

In: Russian and Western Economic Thought

Author

Listed:
  • Michael Ellman

    (University of Amsterdam)

Abstract

KantorovichKantorovich, Leonid was a gifted Soviet mathematician and the intellectual inspiration of the optimal planning school in Soviet economics. The range of his work was unusually wide. He contributed to both pure and applied mathematics; taught, first, students of engineering, then also of mathematics, and later of mathematical economics; managed research projects; helped the Soviet atom bomb project; invented calculating machines; criticised the Soviet systems of planning and price determination; worked out the best method for calculating urban public transport fares; and invented linear programming. He was (jointly) awarded the 1975 Nobel Prize in economics for his work on the optimal allocation of resources. His career combined mathematics with (micro)economics. He influenced mathematical and economic thought throughout the world but was unable to realise his ambition to fundamentally reform Soviet planning and pricing.

Suggested Citation

  • Michael Ellman, 2022. "Leonid Kantorovich," Springer Studies in the History of Economic Thought, in: Vladimir Avtonomov & Harald Hagemann (ed.), Russian and Western Economic Thought, pages 427-447, Springer.
  • Handle: RePEc:spr:spshcp:978-3-030-99052-7_20
    DOI: 10.1007/978-3-030-99052-7_20
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    More about this item

    Keywords

    Kantorovich; Linear programming; Optimal allocation of resources;
    All these keywords.

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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