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Valery Leonid MAKAROV

Valery Leonid MAKAROV, economist in the field of Mathematical Methods; Technical Progress; Organisation; Decision Theory. Fellow, Econometrica Society, 1979.


  • MAKAROV, Valery Leonid was born in 1937 in Novosibirsk, USSR.

  • Education

    • Doctor of Philosophy, Dr (Mathematics) University Moscow, 1965, 1968.


    • Scientific Worker, Chief Laboratory, Deputy Director, Institute, Institution Mathematics, Siberian Branch Academy of Sciences, Novosibirsk, 1960-1966, 1967-1973, 1973-1980. Professor Mathematics Economics, Novosibirsk State University, 1973-1980. Director, National Research Institute, Institution Organisation and Management Problems, Moscow, USSR, since 1980.

      Editorial Board, Siberian Mathematics J.

    Major achievements

    • Fellow, Econometrica Society, 1979.


    Early investigations were connected mostly with standard mathematical economics’ problems: structure of non Neuman and Leontief models, turnpike theorems in growth theory, existence of an economic equilibrium in a general model of a competitive economy, etc. Later, more realistic situations were investigated: multiple price and currency systems, rationing in production and consumption especially for a socialist economy, and co-existence between central planning, rationing and market mechanism in an actual economic system. In economics of innovations, I introduced the value of an innovation as such and studied the consequences of the notion.

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    Born 1937