Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz

@article{Baumol2000LeontiefsGL,
  title={Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz},
  author={William J. Baumol},
  journal={Economic Systems Research},
  year={2000},
  volume={12},
  pages={141 - 152}
}
  • W. Baumol
  • Published 1 June 2000
  • Economics
  • Economic Systems Research
Wassily Leontief's input-output analysis is often interpreted simply as a logical next step in the chain of ideas from Quesnay to Marx to von Bortkiewicz, the last of these having been Leontief's thesis adviser in Berlin. Here, it is shown that input-output is far more than that. Unlike any predecessor, it is a flexible model with widely varied applications that permits direct empirical evaluation. This is illustrated by application to net energy calculations, showing that the normal evaluation… 

Father Potron's Early Contributions to Input–Output Analysis

Abstract This article introduces an unknown predecessor of Leontief who, at the very beginning of the last century, invented the idea of an input–output table as the basis for finding an economic

Wassily Leontief and Léon Walras: The Production as a Circular Flow ♣

Leontief’s input-output models are usually viewed as simplified classical (neo-Ricardian) models. However, this interpretation hides two opposed views. On the one hand, the common interpretation,

Circular Flow of Capital and Social Reproduction

Starting with Quesnay’s Tableau Economique and Marx’s schemes of simple reproduction, CPE analysis shows that the system is not only capable of reproducing itself on the same scale but also is

The physiocrats' concept of labour: A difficulty in Marx's interpretation

Abstract This article explains the difference between the concept of labour developed by the Physiocrats and Marx. We show that Marx's interpretation based on Turgot is questionable. Whereas Marx

Análise de Insumo-Produto: Teoria e Fundamentos [Input-Output Analysis: Theory and Foundations]

This paper presents, in Portuguese, an overview of the input-output theory, originally developed by Wassily Leontief. The first and second chapters present the background of the theory of

Análise de Insumo-Produto: Teoria e Fundamentos

This paper presents, in Portuguese, an overview of the input-output theory, originally developed by Wassily Leontief. The first and second chapters present the background of the theory of

Input-Output Analysis: Theory and Foundations (Análise de Insumo-Produto: Teoria e Fundamentos)

This paper presents, in Portuguese, an overview of the input-output theory, originally developed by Wassily Leontief. The first and second chapters present the background of the theory of

Between Berlin and Cambridge: classical conceptions of the general economic equilibrium in the late 1920s

This paper deals with some contributions to the debate on General Economic Equilibrium between the two world wars. Originating in Cambridge and Berlin, they differed from the Viennese contributions

Input-Output in Europe: Trends in Research and Applications

Indubitably born in the USA, input-output analysis has an important European history, from its very beginnings in the Soviet Union to the postwar huge development of I/O techniques in West and North

Three Centuries of Macro-Economic Statistics

This paper describes the history of the national accounts starting from the incidental estimates by Petty, King and Davenant in the seventeenth century. The period 1930-1950 was a revolution in terms
...

References

SHOWING 1-10 OF 17 REFERENCES

'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory

This paper discusses the roots of input-output analysis in 'classical' economics. The authors considered include Petty and Cantillon; Quesnay, the physiocrats and their critic Isnard; Smith, Ricardo,

Capital: A Critique of Political Economy

Unfinished at the time of Marx's death in 1883 and first published with a preface by Frederick Engels in 1894, the third volume of "Das Kapital" strove to combine the theories and concepts of the two

Theories of Surplus Value

Marx's Theories of Surplus Value is the fourth volume of his monumental Das Kapital (Capital). Divided into three parts, this lengthy work reviews classic economic analyses of labour and value

The Tableau Économique as a Simple Leontief Model

I. Introduction, 137. — II. Quesnay's Tableau, 138. — III. The Tableau Economique as an input-output system, 140. — IV. Suggested interpretations of the Tableau Economique, 142. — V. Conclusions, 144.

Subsidies to New Energy Sources: Do They Add to Energy Stocks?

Energy-production subsidies are, paradoxically, shown to be likely to increase U.S. dependence on imported oil. Standard studies of net energy yields are shown to be seriously biased upward for two

The Theory of Capitalist Development

labor which is represented in the value of commodities is a concept which has an important place in Marx's thinking. It must be admitted, however, that it is not an easy concept to comprehend; and

The history is described in much fuller detail in

  • 1972

Net energy, or energy analysis

  • Life of Adam Smith (London, Macmillan). Shinnar, R
  • 1976