Kornai János: Mathematical planning of structural decisions (Budapest, 1975)
J. KORNAl MATHEMATICAL PLANNING OF STRUCTURAL DECISIONS The methods of mathematical foundations of sectoral and economy-wide plans are outlined. The problems of mathematical planning are discussed from the point of view of economics, and the economic interpretation of mathematical models and methods are emphasized. The employment of linear and non-linear programming models in long-term planning and the so-called model of two-level planning are discussed. Other subjects treated are the application of the theory of probability in solving economic problems and making decisions, the possibility of combining the programming model with input-output tables. A number of important theoretical problems of economy are dealt with, e.g. uncertainty and risk-taking, the computational price system, (lie rental on capital, the optimality criterion of national economy, etc. The first English edition appeared in 1967. To this second edition five chapters have been added which deal with newer research carried out since the first edition and the present viewpoint of the author is discussed with respect to the questions raised earlier. Th. Lipták and P. Wellisch, both mathematicians, have contributed to several chapters of the book as authors or co-authors. AKADÉMIAI KIADÓ Publishing House of the Hungarian Academy of Sciences Budapest