Abstract

Traditional economic theory concentrates on the price mechanism, while, in reality other mechanisms also play important roles in the control sphere of complex economies. These include directive planning and order-stock mechanisms. The latter are examples of the general class of autonomous control mechanism specified by Kornai and Martos [1973]. This paper summarizes contributions to the analysis of order-stock mechanisms in which a dynamic Leontief model is used to represent the underlying technology of the economy.

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