Central Economic Mathematical Institute

The Central Economic Mathematical Institute (CEMI) ( _ru. Центральный экономико-математический институт (ЦЭМИ)) of the Russian Academy of Sciences is an economic research institute located in Moscow. It focuses on economic theory, mathematical economics and econometrics. The CEMI was established in 1963 as an institute of the Academy of Sciences of the USSR, superseding the "Laboratory of Economics and Mathematical Methods" which had been founded by Vasily Sergeevich Nemchinov in 1958. In 1964 a branch of the institute was created in Tallinn, and in 1966 Leningrad branch was established. [ru icon [http://www.cemi.rssi.ru/rus/index0.htm How CEMI Was Created] ]

"When the Institute was founded in 1963, its main goal was to elaborate the theory of optimal management of the economy, applying mathematical methods and the use of computers to the task of practical planning." [Quoted from [http://www.cemi.rssi.ru/english/general/index.htm#cemi2 CEMI official website] .] Nowadays CEMI's focus has been on the transition period from communism to capitalism in Russia, and on microeconomic models and models of enterprises' behaviour. The so-called System of Optimal Functioning of the Economy (SOFE), with its mathematical planning approach based on methods developed by Leonid Kantorovich and its IT approach, was intensively discussed during Soviet times. It was objected to by Marxist economists as representatives of the Political Economy, who where afraid that the mathematical formula approach was too close to Western economics, and might lead to Soviet economics converting to Western economics, which also rely on mathematical formulas. CEMI's first director was N.P. Fedorenko. In 1985 he was succeeded by the Russian academic V.L. Makarov, who still directs the instutite.

Academic N.P. Fedorenko and other Russian scientists have issued many books on SOFE, most of them are in Russian.

CEMI headquarters features alto-relievo mosaic composition Möbius Strip on its facade, created by architect Leonid Pavlov and painters-monumentalists V.Vasiltsov and E.Zharenova in 1976. [ru icon [http://www.metro.ru/library/architecture/vasiltsov.html On Our Work At Nagatinskaya Metro Station] ]

References

External links

* [http://www.cemi.rssi.ru/ Official Homepage]