FIRST EDITION OF THE NOBEL PRIZE-WINNING ECONOMIST’S CLASSIC WORK INPUT-OUTPUT ECONOMICS
Item Number: 73478
New York: Oxford University Press, 1966.
First edition of the economist’s groundbreaking work. Octavo, original cloth, illustrated. Fine in a near fine dust jacket with a touch of rubbing. Jacket design by the Duquesnes. The jacket unfolds into three charts.
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.