Russian economist (1906-1999)
He mapped the economy as a system of gears — steel needs coal, coal needs transport, transport needs steel — and won a Nobel for showing how a shift in one sector ripples through all the others.
Born in Russia in 1905, Leontief left the Soviet Union and landed in America, where he built input–output analysis: a method for tracking how industries depend on each other and how a change in one sends waves through the rest. The work earned him the Nobel Memorial Prize in Economic Sciences in 1973. Four of his doctoral students later won the same prize — Paul Samuelson in 1970, Robert Solow in 1987, Vernon L. Smith in 2002, Thomas Schelling in 2005. He died in February 1999.
Sourced, dated quotes from Wassily Leontief
Among the many factors that have promoted economic change, I believe that technology or, rather, change in technology is the most prominent.
Computers and robots replace humans in the exercise of mental functions in the same way as mechanical power replaced them in the performance of physical tasks.
Economics today rides the crest of intellectual respectability and popular acclaim.
Much of current academic teaching and research has been criticized for its lack of relevance, that is, of immediate practical impact...
By the time it comes to interpretation of the substantive conclusions, the assumptions on which the model has been based are easily forgotten.
The six component signals behind the Fame score, and their ranks across the leaderboards.
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