Wassily Leontief quotes

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Wassily Leontief

Birthdate: 5. August 1906
Date of death: 5. February 1999

Wassily Wassilyevich Leontief , was a Russian-American economist known for his research on input-output analysis and how changes in one economic sector may affect other sectors.Leontief won the Nobel Committee's Nobel Memorial Prize in Economic Sciences in 1973, and four of his doctoral students have also been awarded the prize .

Quotes Wassily Leontief

„The general, and at the same time dynamic, type of analysis still remains an unwritten chapter of economic theory, the claims of innumerable “model-builders” notwithstanding… The … theoretical approach, based on the combination of the complexities of a general interdependent system with the simplifying assumptions of static analysis, constitutes the background of this investigation.“

—  Wassily Leontief

Source: Structure of American economy, 1919-1929, 1941, p. 33, as cited in: Drejer, Ina. " The Role of Technological Linkages in a Leontief Scheme-From Static Structures to Endogenous Evolution of Technical Coefficients http://www.druid.dk/uploads/tx_picturedb/dw1999-340.pdf." Preparado para: DRUID Winter Conference, Holte (enero 1999). 1998.

„This work may be best described as an attempt to construct a of the United States.“

—  Wassily Leontief

Source: Structure of American economy, 1919-1929, 1941, p. 9; As cited in: Ronald E. Miller, peter D. Blair Input-Output Analysis: Foundations and Extensions, (2009), p. 730.

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