Search by keyword: theory of general equilibrium

Anti-recessionary model for economy administration

The paper considers the existing management models, i.e. what management tasks are set up, what instruments are used to perform analytical works, and how to assess whether results the of analytical works comply with development goals of the real economy. Key instrument of our study is a general equilibrium model which defines the output levels, employment, incomes, and prices. We suggest the Kantorovich-Koopmans's duality principle to be used to find the solution of optimal use of limited production resources.

Bayzakov S. B. [email protected]

Keywords: economy management economy management theory of general equilibrium