First Edition of the Nobel Prize-Winning Economist Wassily Leontief's Magnum Opus Input-Output Economics
Item Number: 7283
New York: Oxford University Press, 1966.
First edition of the economist’s groundbreaking work. Octavo, original cloth. Fine in a near fine dust jacket with a small closed tear to the front panel and light shelfwear.
This collection of writings provides the only comprehensive introduction to the input-output model for which Leontief was awarded the Nobel Prize in 1973. He used input-output analysis to study the trade flow between the U.S. and other countries. He discovered a paradox: U.S. exports were labor-intensive in comparison to U.S. imports. This was counterintuitive considering the U.S.'s economic advantage was in capital-intensive goods.