'Learning-by-doing' in an open economy version of the Fel'dman model

Charles Cooper

'Learning-by-doing' in an open economy version of the Fel'dman model

Charles Cooper

International Institute of Social Studies

Research output: Working paper › Academic

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Abstract

It is regrettable that solutions of problems of dynamic optimisation in the theory of economic planning tend to require quite demanding mathematics. Even when the 'economic system' is reduced to an exceedingly simple form - like the Fel'dman model - the algebraic demands can be rather daunting. [...]
This paper is a modest expository attempt to make accessible to non-mathematical readers some 'planning theory' conclusions which might otherwise remain opaque. [...]

Original language	English
Place of Publication	Den Haag
Publisher	International Institute of Social Studies (ISS)
Number of pages	32
Publication status	Published - Sept 1984

Publication series

Series	ISS working papers. General series
Number	22
ISSN	0921-0210

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ISS Working Paper-General Series

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abstract = "It is regrettable that solutions of problems of dynamic optimisation in the theory of economic planning tend to require quite demanding mathematics. Even when the 'economic system' is reduced to an exceedingly simple form - like the Fel'dman model - the algebraic demands can be rather daunting. [...] This paper is a modest expository attempt to make accessible to non-mathematical readers some 'planning theory' conclusions which might otherwise remain opaque. [...]",

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'Learning-by-doing' in an open economy version of the Fel'dman model

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