Theory of economic planning .pdf - UNCLASSIFIED AD 296 179 ARMED SERVICES TECHNICAL INRMAI ON ARImN HALL STATI ARLIMMI 12 VIRGINIA UNCLASSIFIED NOTICE

Theory of economic planning .pdf - UNCLASSIFIED AD 296 179...

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UNCLASSIFIED AD 296 179 ARMED SERVICES TECHNICAL INRMAI ON ARImN HALL STATI ARLIMMI 12, VIRGINIA UNCLASSIFIED
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NOTICE: lThen goverment or other dravings, speci- fications or other data are used for any purpose other than in connection with a definitely related goverment procurumat operation, the U. S. Government thereby incurs no responsibility, nor any obligation hatsoever; and the fact that the Govern- ment may have fozmulated, furnished, or in any way supplied the said dravings, specifications, or other data is not to be regarded by implication or other- vise as in any manner licensing the holder or any other person or corporation, or conveying any rights or permission to manufacture, use or sell any patented invention that may in any way be related thereto.
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NOTES ON THE THEORY OF 0 ECONOMIC PLANNING 'ROY RADNER TECHNICAI. REPORTNO. 9. JANUARY 1963 PREPARED UNDER COW4RACT Nonr.222 (77) FOR OFFICE OF NAVAL RESEARCH This research was supported In part by the Ofie of Naval Research under Contract ONR 222.(77) With the University of California., Reproduction In whole or in part is permitted for any purpose of the United States Governnmt CENTER FOR RESEARCH IN MANAGEMENT SCIENCE c m UNIVERSITY OF CALIFORNIA ______ rk~ley 4, California C"4
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NOTES ON THE THEORY OF ECONOMIC PLANNING BY ROY RADNER TECHNICAL REPORT NO. 9 JANUARY 1963 PREPARED UNDER CONTRACT Nonr-2fl (77) (NR.047-029) FOR OFFICE OF NAVAL RESEARCH This resarch was supported in part by the Offi1ce of Naval Research under Contract ONR 22 (77) with the Univerity of California. Reproduction In whole or in part Is permitted for any purpose of the United Siame Government CENTER FOR RESEARCH IN MANAGEMENT SCIENCE UNIVERSITY OF CALIFORNIA Berkeley 4, California
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ACKNOWLEDGMENTS This report has been prepared in connection with the research project "Economics of Information and Organization," supported by the Office of Naval Research under Contract Nonr-222(77) (NR-047-029) with the University of California, Berkeley. Reproduction of these notes in whole or in part is permitted for any purpose of the United States Government. Most of the work was done while I was a Fellow of the Guggen- heim Foundation, whose support I also gratefully acknowledge. I thank the Center of Economic Research, Athens, Greece, and its Director, Professor A. G. Papandreou, for giving me the opportunity of presenting this material in a series of lectures during the summer of 1962. Finally, Professor C. B. McGuire helped me a great deal with his comments on the manuscript.
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TABLE OF CONTENTS CHAPTER I. Description of an Economic System in Time Section 1. Introduction 2. Commodities 3. Production and Consumption Possibilities 4. Economic Programs 5. Linear Activity Analysis Model of Production Possibilities 6. Dynamic Input-Output Model (Leontieff) 7. Linear-Logarithmic Production Functions (Cobb-Douglas) 8. Constant Elasticity of Substitution Production Function (Arrow-Chenery-Minhas-Solow) 9. Technical Change CHAPTER II. Basic Criteria for Choosing among Economic Programs Section 1. What is Important about an Economic Program?
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