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Kantorovich, Leonid

Mathematical Methods of Production Organization and Planning. First edition.

Mathematical Methods of Production Organization and Planning. First edition.

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Economics / First edition / Leonid Kantorovich / Mathematics / Nobel Prize
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Kantorovich, L. [Mathematical Methods of Production Organization and Planning]. Matematicheskie Metody Organizatsii i Planirovaniya Proizvodstva. 

Preface by A. Marchenko.

Leningrad, Izdanie Leningradskogo gosudarstvennogo universiteta, 1939.
8vo, 67, [1] pp., tables.

In original wrappers and contemporary clamshell box.
In good condition, worn to cover and spine, minor losses to spine, stains to cover, water-stained to some page margins. 

First edition. One of 1 000 copies printed.

Leonid Kantorovich (1912-1986), a prominent Russian mathematician and economist, is considered one of the founding fathers of modern economic-mathematical methods. In 1938, at the age of 26, he began consulting for the Laboratory of the Plywood Trust. They faced the challenge of optimizing the distribution of materials to various factories for optimal production, a problem that could be formulated as a linear optimization problem with multiple constraints. Kantorovich discovered that many different economic problems could be approached in the same manner.
He embarked on solving this problem, laying the groundwork for what is now known as linear programming, a mathematical method with significant economic applications. Although he outlined his findings in this book, the work went relatively unnoticed outside the USSR due to World War II. Subsequently, a similar methodology was independently developed by Tjalling Koopmans and other economists. However, Kantorovich mentioned that Western economists 'found my results in their own way', and he remained unaware of their contributions until the mid-1950s.
In 1975, Kantorovich and Tjalling Koopmans jointly received the Nobel Memorial Prize in Economic Sciences 'for their contributions to the theory of optimal resource allocation'. In Kantorovich's case, the prize recognized his significant mathematical achievements in the 1930s and 1940s. An English translation of his work did not appear until 1960 (in Management Science, Volume 6, Issue 4, July 1960, with a preface by T. Koopmans).

OCLC locate two copies in USA: in the University of Illinois and in the City College Library (New York).

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