“How will the cessation of war purchases of planes, guns, tanks, and ships … affect the national level of employment? How many new jobs will be created by the consumers’demand for an additional one million of passenger cars, how many of these jobs can be expected to be located in the automobile industry itself, and how many in other industries such as Steel and the Chemicals, the Coal and the Petroleum industries? How much additional freight traffic and revenue can the American railroads expect to derive from every billion dollars worth spent on post-war housing construction?”
Source: Structure of American economy, 1919-1929, 1941, p. 141: as cited in: Frits Bos, " Three centuries of macro-economic statistics http://mpra.ub.uni-muenchen.de/35391/1/Three_centuries_macroeconomic_statistics.pdf." (2011).
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Wassily Leontief 10
Russian economist 1906–1999Related quotes
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