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Leontief and his German period

Author

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  • Harald Hagemann

    (University of Hohenheim, Stuttgart, Germany)

Abstract

Wassily Leontief jun. (1905–1999) moved to Berlin in April 1925 after getting his first academic degree from the University of Leningrad. In Berlin he mainly studied with Werner Sombart and Ladislaus von Bortkiewicz who were the referees of his Ph.D. thesis "The economy as a circular flow" (1928). From spring 1927 until April 1931 Leontief was a member of the research staff at the Kiel Institute of World Economics, interrupted by the period from April 1929 to March 1930 when he was an advisor to the Chinese Ministry of Railroads. In the journal of the Kiel Institute, Weltwirtschaftliches Archiv, Leontief had already published his first article "Die Bilanz der russischen Volkswirtschaft. Eine methodologische Untersuchung" [The balance of the Russian economy. A methodological investigation] in 1925. In Kiel Leontief primarily worked on the statistical analysis of supply and demand curves. Leontief's method triggered a fierce critique by Ragnar Frisch, which launched a heavy debate on "pitfalls" in the construction of supply and demand curves. The debate started in Germany but was continued in the USA where Leontief became a researcher at the National Bureau of Economic Research (NBER) in summer 1931. The Leontief–Frisch controversy culminated in the Quarterly Journal of Economics (1934), published by Harvard University, where Leontief made his subsequent career from 1932–1975. His later analysis of the employment consequences of technological change in the 1980s had some roots in his Kiel period.

Suggested Citation

  • Harald Hagemann, 2021. "Leontief and his German period," Russian Journal of Economics, ARPHA Platform, vol. 7(1), pages 67-90, March.
  • Handle: RePEc:arh:jrujec:v:7:y:2021:i:1:p:67-90
    DOI: 10.32609/j.ruje.7.58034
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    References listed on IDEAS

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    1. Bjerkholt, Olav, 2016. "Wassily Leontief and the discovery of the input-output approach," Memorandum 18/2016, Oslo University, Department of Economics.
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    Cited by:

    1. Vincent Carret, 2022. "Understanding the bitterness of Wassily Leontief: Postwar success and failures of input-output techniques," Working Papers halshs-03603527, HAL.

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    More about this item

    Keywords

    circular flow analysis Wassily Leontief supply and demand curves technological unemployment.;

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • D57 - Microeconomics - - General Equilibrium and Disequilibrium - - - Input-Output Tables and Analysis
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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