wassily leontief Synonyms
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wassily leontief Meaning
wassily leontief (n)
United States economist (born in Russia) who devised an input-output method of economic analysis (1906-1999)
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United States economist (born in Russia) who devised an input-output method of economic analysis (1906-1999)
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Wassily Leontief, a Soviet-American economist, revolutionized economic analysis with his input-output model.
Leontief's groundbreaking work earned him the Nobel Memorial Prize in Economic Sciences in 1973.
He developed input-output analysis while studying at Harvard University, examining the interdependence of different sectors in an economy.
Wassily Leontief's innovative approach allowed economists to analyze the complex ripple effects of changes within an economy.