Leonid Vitaliyevich Kantorovich

Dictionary Says

Definition of 'Leonid Vitaliyevich Kantorovich'


A Russian mathematician and economist who won the 1975 Nobel Prize in Economics, along with Tjalling Koopmans, for his research on the optimal allocation of resources. His 1959 book, The Best Use of Economic Resources, described optimal ways to address problems of centrally planned economies, such as planning, pricing and decision making. He also made important contributions to functional analysis, approximation theory and operator theory and originated the technique of linear programming.

Investopedia Says

Investopedia explains 'Leonid Vitaliyevich Kantorovich'


Born in Russia in 1912, Kantorovich taught at Leningrad State University (where he completed his PhD at the age of 18), worked as director of the mathematical economics laboratory at the Moscow Institute of National Economic Management and headed the research laboratory at the Institute of National Economy Control in Moscow. He died in 1986.

comments powered by Disqus
Hot Definitions
  1. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  2. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  3. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  4. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  5. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
  6. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
Trading Center