This collection of writings provides the only comprehensive
introduction to the input-output model for which Leontief was
awarded the Nobel Prize in 1973. The structural approach to
economics developed by Leontief, and known as input-output
analysis, paved the way for the transformation of economics into a
truly empirical discipline that could utilize modern data
processing technology. This thoroughly revised second edition
includes twenty essays--twelve of which are new to this
edition--that reflect the past developments and the present state
of the field. Beginning with an introductory chapter, the book
leads the reader into an understanding of the input-output
approach--not only as formal theory but also as a research strategy
and powerful tool for dealing with a complex modern economy.
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