Works in ChatGPT, Claude, or Any AI
Add semantic quote search to your AI assistant via MCP. One command setup.
One can in particular interpret the proposition as a statement conditions under which the simplicity of incentive structure and the economies of info… - Tjalling Koopmans
" "One can in particular interpret the proposition as a statement conditions under which the simplicity of incentive structure and the economies of information handling characteristic of a competitive market organization can be secured without loss of efficiency of allocation... The price system carries to each producer, resource holder, or consumer a summary of information about the production possibilities, resource availabilities and preferences of all other decision makers. Under the conditions postulated, this summary is all that is needed to keep all decision makers reconciled with a Pareto optimal state once it has been established.
English
Collect this quote
About Tjalling Koopmans
Tjalling Charles Koopmans (August 28, 1910 – February 26, 1985) was a Dutch-American mathematician and economist, the joint winner with Leonid Kantorovich of the 1975 .
Also Known As
Alternative Names:
Tjalling Charles Koopmans
Related quotes. More quotes will automatically load as you scroll down, or you can use the load more buttons.
Additional quotes by Tjalling Koopmans
PREMIUM FEATURE
Advanced Search Filters
Filter search results by source, date, and more with our premium search tools.
The principal customers aimed for are other economists or members of other professions, who are somewhat closer to the making of policy recommendations... The question of the clientèle is even more baffling when the problem concerns growth paths for time spans covering several generations. What can at best be recommended in that case is the signal the present generation gives, the tradition it seeks to strengthen or establish, for succeeding generations to take off from.
Loading...