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={W. Baumol},
  journal={Economic Systems Research},
  year={2000},
  volume={12},
  pages={141 - 152}
}
  • W. Baumol
  • Published 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… Expand
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