Mathematical Methods in Economics

During April, 1960, a meeting was held at the USSR Academy of Science, to discuss the use of mathematical methods in economic research and planning. Fifty six reports were circulated beforehand, in the following categories:

1. Mathematical Analysis of Expansion of Productivity.

2. Interdepartmental Balances.

3. Linear Programming and Dynamic Programming.

4. Transportation Models.

5. Other Models.

6. Mathematical Statistics.

In addition, a discussion of the use of electronic computers was given, with estimates of cost savings.

The conclusion of the conference was that despite some opposition, the use of these methods was to be encouraged. There would be unified guidance of the field in an Interdepartmental Scientific Council. Education in the field should be encouraged. Publications would be made.