Linear Model of Production in a Classical Setting

Fuad Aleskerov, Hasan Ersel () and Dmitri Piontkovski
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Hasan Ersel: Sabanci University

Chapter 10 in Linear Algebra for Economists, 2011, pp 165-193 from Springer

Abstract: Abstract In classic economics the interrelations in production are vital to understand the laws of production and distribution, and therefore to understand how an economic system works. Wassily Leontief1, a Russian born American economist made the greatest contribution in this line of thought by developing the input/output analysis2.

Keywords: Wage Rate; Production Technique; Final Demand; Frobenius Theorem; Input Coefficient (search for similar items in EconPapers)
Date: 2011
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DOI: 10.1007/978-3-642-20570-5_10

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