“Mathematical programming assisted by electronic computers becomes the fundamental instrument of long-term economic planning, as well as of solving dynamic economic problems of a more limited scope. Here, the electronic computer does not replace the market. It fulfils a function which the market never was able to perform.”
"The computer and the market" (1967)
Help us to complete the source, original and additional information
Oskar R. Lange3
Polish economist 1904–1965Related quotes
Milton Babbitt (1916–2011) American composer
Quoted in Classic Essays on Twentieth-Century Music, ISBN 0028645812.
Matvei Zakharov (1898–1972) Soviet military commander
Quoted in "Stalin's Generals" - Page 338 - by Harold Shukman - History - 2002
Ragnar Frisch (1895–1973) Norwegian economist
R. Frisch (1964), Theory of Production, p. v: Lead paragraph of preface
1940-60s
Context: In this feverish world of ours, where one wants the economic analyses to produce easily understandable results quickly and at the least possible cost, some of us have fallen into the habit of assuming for simplicity that the hundreds sometimes thousands of variables that enter into the analyses are linked together by very simple relationships. Frequently we even go so far as to assume linear relationships. Only in this way have we been able to feed our problems into the electronic computers and get mechanical answers quickly and at low cost.
Vladimir Voevodsky (1966–2017) Russian mathematician
Univalent Foundations, Vladimir Voevodsky, IAS, March 26, 2014 http://www.math.ias.edu/vladimir/files/2014_IAS.pdf p. 13
Christian Homburg (1962) German academic
Source: "A multiple-layer model of market-oriented organizational culture", 2000, p. 453
Jean-Michel Jarre (1948) French composer, performer and music producer
interviewed on the Danish Monitor radio programme 2005-11-30
Donald A. Norman book The Design of Everyday Things
Source: The Design of Everyday Things (1988, 2002), Ch. 6, p. 180.
Vangelis (1943) Greek composer of electronic, progressive, ambient, jazz, pop rock, and orchestral music
The way we use these sources is the key in order to define the required musical result. Without neglecting the acoustic conventional instruments, I spend a fair amount of time dealing with the electronic sources of sound. But please do not think computers! Computers are extremely helpful and amazing for a multitude of scientific areas, but for me, when it comes to creation, they are insufficient and slow. Therefore all of my efforts are to stay away from that beast".
2012
N. Gregory Mankiw (1958) American economist
Source: Principles of Economics (1998-), Ch. 7. Consumers, Producers, and the Efficiency of Markets; p. 150