The only comprehensive introduction which Leontief has written to his model of Input-Output Economics, for which he was awarded the Nobel Prize in Economic Science in 1972. Many of the chapters have already appeared as articles in journals, but Leontief's writings have a range and consistency that gives this collection a sense of coherence. The book begin with non-technical articles on the theory of Input-Output Economics and progresses to more technical essays, and then to specific applications of the theory. This edition has been thoroughly revised, at least one third of the material being new. Graduate courses on this subject; other advanced level courses in microecononmics and macroeconomics.
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The structural approach to economics developed by Leontief, and known as input-output analysis, paved the way for the transformation of into a truly empirical discipline that could utilize modern data processing technology. This thoroughly revised second edition includes 20 essays-12 of which are new to this edition-that reflect the past developments and the present state of the field.
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