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

By Erik Dietzenbacher, Michael L. Lahr

Wassily Leontief was once the founder of input-output economics, for which he got the Nobel Prize in 1973. This booklet bargains a set of papers in his reminiscence via his scholars and shut colleagues. the 1st half focuses upon Leontief as a person and pupil in addition to his own contributions to economics; the second one comprises new theoretical and empirical learn encouraged through Leontief's efforts. the gathering bargains a accomplished pattern of the present country of interindustry economics and is probably going to entice a variety of execs.

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That knowledge probably is part of the reason that Benjamin Chinitz and other staff in the Economic Development Administration (EDA), US Department of Commerce, approached Leontief in 1965 to construct a set of multiregional inputoutput accounts for the United States. Leontief and his researchers at the HERP decided to undertake the project, and EDA gave them a three-year grant for the work. The HERP staff decided to construct the accounts for fifty-one regions (the fifty states plus Washington, DC) and for seventynine industries (the size of the 1958 published national input-output table, which was the latest one available when work was begun).

And W. C. Shelton (1978) Revolution in United States Government Statistics, 1926–1976 (Washington, DC, US Department of Commerce). Ellsworth, P. T. (1954) The structure of American foreign trade: a new view examined, Review of Economics and Statistics, 36, 279–285. Foley, D. K. (1998) MD interview: an interview with Wassily Leontief, Macroeconomic Dynamics, 2, 116–140. Hartwick, J. M. (1971) Notes on the Isard and Chenery-Moses interregional input-output models, Journal of Regional Science, 11, 73–86.

Bray, had written in a similar vein seven years before that” (Dorfman, 1973, p. 431). Regardless, none of his predecessors structured the accounts in as explicit and comprehensive a way as Leontief, and none tried to collect such detailed data as he did for the US economy. 12 Karen R. Polenske to go, saying Washington did not have the data, but he did accept having a sub-office of the Bureau of Labor Statistics (BLS) of the US Department of Labor set up at Harvard, so that he could construct the table there with a team of BLS workers.

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