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Wassily Leontief and Input-Output Economics by Erik Dietzenbacher, Michael L. Lahr

Wassily Leontief and Input-Output Economics Erik Dietzenbacher, Michael L. Lahr ebook
Page: 420
Format: pdf
Publisher: Cambridge University Press
ISBN: 0521832381, 9780521832380

Petersburg, Russia, to receive the Leontief Medal, named after Nobel laureate Wassily Leontief, the creator of input-output analysis. In the 1930s Wassily Leontief published a pair of articles that laid the groundwork for input-output economics. Wassily Leontief was a Russian expatriate; he developed mathematical and empirical techniques for describing the production process of an economy in terms of input-output tables. Ie in a vector of labor inputs and AND. These features, while not always fully exploited, make input-output economics especially suitable for environmental analysis. Industry and labor made him the best-known economist worldwide for decades. In talking with Wassily, and in reading his work, it was always clear that he perceived his special contribution within an even larger framework. The Leontief Prize is given to fine contributions to economic theory on contemporary realities supporting just and sustainable societies. It has influenced real estate development, carbon output, demand for replacement technology, and added to our trade deficit. In a much-cited 1983 article, the great economist Wassily Leontief worried that the pace of modern technological change is so rapid that many workers, unable to adjust, will simply become obsolete, like horses after the rise of the automobile. Wassily Leontief is best known for the single, powerful methodological advance which earned him a Nobel Prize in 1973: the invention of input-output analysis. Wassily Leontief won a Nobel Prize for developing the input/output methodology that includes this effect. Not only is this concept accepted by almost all mainstream economists, but Dr.