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'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory

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  • Heinz Kurz
  • Neri Salvadori

Abstract

This paper discusses the roots of input-output analysis in 'classical' economics. The authors considered include Petty and Cantillon; Quesnay, the physiocrats and their critic Isnard; Smith, Ricardo, Torrens and Dmitriev; Marx, von Bortkiewicz and von Charasoff; Leontief; and Remak. It is argued that, in terms of method and content, input-output analysis is akin to the classical approach to the theory of production, distribution and relative prices in that (i) it requires all magnitudes to be observable and (ii) starts essentially from the same set of data. It is shown that many important modern concepts have been anticipated by the earlier authors. The prehistory of input-output analysis is also meant to provide new perspectives on potential future developments of the field.

Suggested Citation

  • Heinz Kurz & Neri Salvadori, 2000. "'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 153-179.
    • Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:153-179
    DOI: 10.1080/09535310050005671
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    References listed on IDEAS

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    1. Eltis, Walter A, 1975. "Francois Quesnay: A Reinterpretation. 2. The Theory of Economic Growth," Oxford Economic Papers, Oxford University Press, vol. 27(3), pages 327-351, November.
    2. William Jaffé, 1969. "A. N. Isnard, Progenitor of the Walrasian General Equilibrium Model," History of Political Economy, Duke University Press, vol. 1(1), pages 19-43, Spring.
    3. Heinz D. Kurz & Neri Salvadori (ed.), 1998. "The Elgar Companion to Classical Economics," Books, Edward Elgar Publishing, volume 0, number 851.
    4. Kurz,Heinz D. & Salvadori,Neri, 1997. "Theory of Production," Cambridge Books, Cambridge University Press, number 9780521588676, January.
    5. D. G. Champernowne, 1945. "A Note on J. v. Neumann's Article on "A Model of Economic Equilibrium"," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 13(1), pages 10-18.
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