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. Contents......Page 12 1 Input-Output Economics (1951)......Page 16 2 Input-Output Analysis (1985)......Page 32 3 An Alternative to Aggregation in Input-Output Analysis and National Accounts (1967)......Page 54 4 Wages, Profits, Prices, and Taxes (1947)......Page 68 5 Domestic Production and Foreign Trade: The American Capital Position Reexamined (1953)......Page 78 6 Factor Proportions and the Structure of American Trade: Further Theoretical and Empirical Analysis (1956)......Page 107 7 Multiregional Input-Output Analysis (1963)......Page 142 8 The Structure of Development (1963)......Page 175 9 The Economic Effects of Disarmament (1961)......Page 201 10 The Economic Impact—Industrial and Regional—of an Arms Cut (1965)......Page 217 11 Environmental Repercussions and the Economic Structure: An Input-Output Approach (1970)......Page 254 12 National Income, Economic Structure, and Environmental Externalities (1973)......Page 274 13 Air Pollution and the Economic Structure: Empirical Results of Input-Output Computations (1972)......Page 286 14 The Dynamic Inverse (1970)......Page 307 15 Structure of the World Economy: Outline of a Simple Input-Output Formulation (1974)......Page 334 16 Population Growth and Economic Development: Illustrative Projections (1979)......Page 351 17 The Distribution of Work and Income (1982)......Page 376 18 The Growth of Maritime Traffic and the Future of World Ports (1979)......Page 392 19 Technological Change, Prices, Wages, and Rates of Return on Capital in the U.S. Economy (1985)......Page 405 20 An Information System for Policy Decisions in a Modern Economy (1979)......Page 431 C......Page 442 E......Page 443 H......Page 444 I......Page 445 M......Page 446 P......Page 447 T......Page 448 W......Page 449 Contents 12 1 Input-Output Economics (1951) 16 2 Input-Output Analysis (1985) 32 3 An Alternative to Aggregation in Input-Output Analysis and National Accounts (1967) 54 4 Wages, Profits, Prices, and Taxes (1947) 68 5 Domestic Production and Foreign Trade: The American Capital Position Reexamined (1953) 78 6 Factor Proportions and the Structure of American Trade: Further Theoretical and Empirical Analysis (1956) 107 7 Multiregional Input-Output Analysis (1963) 142 8 The Structure of Development (1963) 175 9 The Economic Effects of Disarmament (1961) 201 10 The Economic Impact—Industrial and Regional—of an Arms Cut (1965) 217 11 Environmental Repercussions and the Economic Structure: An Input-Output Approach (1970) 254 12 National Income, Economic Structure, and Environmental Externalities (1973) 274 13 Air Pollution and the Economic Structure: Empirical Results of Input-Output Computations (1972) 286 14 The Dynamic Inverse (1970) 307 15 Structure of the World Economy: Outline of a Simple Input-Output Formulation (1974) 334 16 Population Growth and Economic Development: Illustrative Projections (1979) 351 17 The Distribution of Work and Income (1982) 376 18 The Growth of Maritime Traffic and the Future of World Ports (1979) 392 19 Technological Change, Prices, Wages, and Rates of Return on Capital in the U.S. Economy (1985) 405 20 An Information System for Policy Decisions in a Modern Economy (1979) 431 Index 442 A 442 B 442 C 442 D 443 E 443 F 444 G 444 H 444 I 445 L 446 M 446 N 447 O 447 P 447 Q 448 R 448 S 448 T 448 U 449 V 449 W 449
The only comprehensive introduction to the input-output model for which Leontief was awarded the Nobel Prize in 1973, this volume traces the step-by-step development of the model's theoretical foundations, showing how the methodology was broadened in response to the demand of various practical applications. It covers recent applications and a range of issues that include the generation and elimination of pollution, the effects of technological change on employment and income distribution, and more. Including 12 new essays, this revised edition reflects the past developments and present state of the field.
This is the only comprehensive introduction which Leontief has written to his model of Input-Output Economics. The book begins with non-technical articles on the theory, progresses to more technical essays, and then to specific applications.
