Leontief, Wassily W.

Lead Author: Cutler J. Cleveland (other articles)
Article Topics: Energy people, Environmental economics and Environmental assessment
This article has been reviewed and approved by the following Topic Editor: Peter Saundry (other articles)
Last Updated: August 21, 2008
Wassily W. Leontief. (Source: Harvard Gazette)
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Wassily W. Leontief. (Source: Harvard Gazette)

Wassily W. Leontief, (1906-1999), a Russian-born American economist who won the 1973 Nobel Prize in Economics for his development of input-output analysis (I-O analysis). I-O analysis is used to demonstrate how a change in one economic sector affects other economic sectors. The method was partly inspired by the Marxian and Walrasian analysis of general equilibrium via interindustry flows, which in turn were inspired by Quesnay's Tableau Économique (1759). I-O analysis has been a mainstay of economics and economics policy and planning throughout the world for the past half-century. Hannon and colleagues at the University of Illinois applied I-O tables to perform detailed analyses of the structure of energy demand in the U.S economy during the 1970s.

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Citation
Cleveland, Cutler (Lead Author); Peter Saundry (Topic Editor). 2008. "Leontief, Wassily W.." In: Encyclopedia of Earth. Eds. Cutler J. Cleveland (Washington, D.C.: Environmental Information Coalition, National Council for Science and the Environment). [First published in the Encyclopedia of Earth September 15, 2006; Last revised August 21, 2008; Retrieved August 29, 2008]. <http://www.eoearth.org/article/Leontief,_Wassily_W.>
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