Nikolay Fedorenko

His name is associated with an economic planning methodology used in the former Soviet Union and known as the System of Optimal Functioning of the Economy (SOFE).

(see M. Bor and S. Logvinov (1975), quoted by Pekka Sutela (1991), p. 87) Another Soviet planning economist N.Baibakov regarded SOFE as a suspect theoretical construct.

86) It should be mentioned, that Karl Marx has also used mathematical methodes in order to analyze the capitalist economic system.

These formulas are far away to be really complex, but Karl Marx used them in order to get a better understanding, how - according to his ideas - the capitalist system works.

An innovative feature of the SOFE approach was its vision of connecting together the different levels of the national economy with computers, which would carry out the calculation of the mathematical planning formulas.

The idea of using mathematical planning methods and computers remains valid even in today's globalized economy.

The corona crisis in 2020 also requires mathematical analysis and forecasting at national, regional and global level.

A Doctor of Economic Sciences, he also was an Honorary Director of CEMI since 1992, a member of the American Econometric Society (from 1966), a member of the International Economical Society (from 1967) and an Honorary Director of the Warsaw School of Planning and Statistics.

He has written several books and many articles on optimal planning and SOFE, mostly in Russian, some translated into English.

The periodical EMM Ekonomika i matematiceskie metody still exists and is issued by the Russian Academy of Sciences now.