Market Mechanisms and Maximization

by Paul Anthony Samuelson

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A study of the relationship between the computational methods of "linear programming" and the logic of market mechanisms. Discussed in the paper are (1) the theory of comparative advantage and (2) the cheapest-adequate-diet problem.

This report is part of the RAND Corporation Paper series. The paper was a product of the RAND Corporation from 1948 to 2003 that captured speeches, memorials, and derivative research, usually prepared on authors' own time and meant to be the scholarly or scientific contribution of individual authors to their professional fields. Papers were less formal than reports and did not require rigorous peer review.

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