Wassily Leontief


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Leontief, Wassily

 

Born Aug. 5, 1906, in St. Petersburg. American economist.

After he graduated from Leningrad University (1925), Leontief studied in Berlin (1925–28). In 1931 he emigrated to the USA and started teaching at Harvard University. In 1948 he became director of an economic research service. Leontief worked out the “input-output” method of economic analysis, a method initially developed by Soviet economists as early as 1924–28. His method studies the specific processes involved in substituting one part of social product for another in capitalist economic sectors. The principles advanced by Leontief are used for forecasting and programming the capitalist economy. Although criticizing certain conditions of bourgeois political economy and individual failings of capitalism, Leontief in his works ignores the antagonistic contradictions of capitalist production. He received the Nobel Prize in 1973.

WORKS

The Structure of the American Economy, 1919–1929. Cambridge, Mass., 1941.
Input-Output Economics. New York, 1966.
References in periodicals archive ?
Otro signo de salud y vitalidad de la investigacion en el tema es, sin duda, la aparicion de dos volumenes compilados por Dietzenbacher y Lahr: Input-Output Analysis: Frontiers and Extensions en 2001 y Wassily Leontief and Input-Output Economics en 2004; ambos suman 42 capitulos, que contienen estudios de frontera realizados por 52 investigadores.
As Dean of Kremlinologists, from Harvard's bully pulpit Bergson trained two generations of Soviet experts, while all the time adding to the abstract mathematical economics that he and I learned at the knees of Wassily Leontief and Edwin Bidwell Wilson.
And her father, Jerry, was blacklisted in the 1950s from any defense-related industries because someone reported to the McCarthy crowd that he owned a copy of Political Economy, by Wassily Leontief.
Among them is Kenneth Boulding, Ragnar Frisch, Wassily Leontief, David Worswick, Henry Phelps Brown, Lawrence Klein, and G.
Gerhard Herzberg, Henry Kendall, Wassily Leontief, Arthur Schawlow, and Glenn Seaborg are gone, too, but not according to the A&E Biography.
Wassily Leontief was in the chair as moderator, and the Littauer Auditrium could not accommodate the packed house.
Embodied factor flows can be computed and appraised with a methodology first developed by Wassily Leontief.
When economic historians write this century's story, they no doubt will mention the insights of Lord Keynes, the free-market musings of Milton Friedman, the econometric models of Wassily Leontief, and the portfolio theories of Harry Markowitz.
Under the third objective, which was to show "the condition of modern economics," Wassily Leontief argues that the state of economics has declined since the time of Adam Smith.
A computer model of the effects of automation on workers, developed by Nobel Laureate Wassily Leontief and colleagues at the Institute for Economic Analysis in the 1980s, concluded that the demand for clerical and service employees, as well as semi-skilled and unskilled workers, is going to diminish rapidly in the wake of the new high-tech innovations.
As Nobel laureate economist Wassily Leontief, a contemporary of Friedman, once tartly noted, "Nothing reveals the aversion of the great majority of the present, day academic economists for systematic empirical inquiry more than the methodological devices they employ to avoid or cut short the use of concrete factual information.
The Nobel Prize in Economics was awarded to Wassily Leontief of Harvard University.