Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz
AbstractWassily 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 methods that ignore input-output considerations probably overestimate by 20 to 60% the net energy yield of projects designed to save energy.
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Bibliographic InfoArticle provided by Taylor and Francis Journals in its journal Economic Systems Research.
Volume (Year): 12 (2000)
Issue (Month): 2 ()
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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Heinz Kurz & Neri Salvadori, 2000. "'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory," Economic Systems Research, Taylor and Francis Journals, vol. 12(2), pages 153-179.
- Baumol, William J & Wolff, Edward N, 1981. "Subsidies to New Energy," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 891-913, October.
- Alan B. Krueger, 2001. "An Interview with William J. Baumol," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 211-231, Summer.
- Guilhoto, Joaquim José Martins, 2011.
"Análise de Insumo-Produto: Teoria e Fundamentos
[Input-Output Analysis: Theory and Foundations]," MPRA Paper 32566, University Library of Munich, Germany.
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