Evgeni Mateev's project of automated management system in the context of todays' dominant economic theories
2008
Abstract
This paper focuses on a work of the Bulgarian academic Evgeni Mateev published in year 1974. Mateev (1974) proposes an algorithm for automated allocation on of national resources among the production on units so that the social preferences on their end products to be optimized.
Hereby, it is explored to what extent the economic fundamentals defined by Mateev (1974) correspond to the market models used in todays' science for representation of economic processes at a national level.