Asian Journal of Multidimensional Research (AJMR)
Year : 2012, Volume : 1, Issue : 3
First page : ( 146) Last page : ( 151)
Online ISSN : 2278-4853.

A synoptic look on the contributions of W. Leontief to economic science

Dr. Jahan K. Kamar

Associate Professor, Economics, P.G. and Research Department of Economics, Urumu Dhanalakshmi College, Tiruchirappalli, Tamil Nadu, India

Online published on 11 July, 2017.

Abstract

Professor Wassily W. Leontief, Nobel Laureate (1973) is the founder of input-output analysis contributed to many areas of economic research throughout his illustrious career. His efforts towards the development of an empirical approach has facilitated both national accounting and applied equilibrium analysis. Leontief's operational framework is presently used throughout the discipline and all over the world. The present paper outlines all his contributions in relation to mainstream economics repeatedly focusing on interrelationship of different sectors of the economy. His outstanding creation has fundamentally influenced the evolution of economic analysis and other economic relationships. A brief survey of inventions and their wide applications presented in this article demonstrates Leontief's devotion and dedication to his work until his death.

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