The only comprehensive introduction to the input-output model for which Leontief was awarded the Nobel Prize in 1973, this volume traces the step-by-step development of the model's theoretical foundations, showing how the methodology was broadened in response to the demand of various practical applications. It covers recent applications and a range of issues that include the generation and elimination of pollution, the effects of technological change on employment and income distribution, and more. Including 12 new essays, this revised edition reflects the past developments and present state of the field.
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The structural approach to economics developed by Leontief, and known as input-output analysis, paved the way for the transformation of into a truly empirical discipline that could utilize modern data processing technology. This thoroughly revised second edition includes 20 essays-12 of which are new to this edition-that reflect the past developments and the present state of the field.
The late Wassily Leontief was at New York University.
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