Word: inputs
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Dates: during 1950-1959
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...Leontief, professor of Economics since 1946, is recognized internationally for his "input-output" reports on the structure of the American economy...
...courses to be given by the Economics department are "Applied Economic Analysis" and "Input-Output Analysis...
Leontief came to Harvard with the understanding that he could begin research on what has become famous as "input-output" economics, which studies the inter-relationships of the commodity-flows among the various sectors of the economy. The terms of his initial small grant were pessimistic; one clause provided, "Mr. Leontief will report even if he fails." "They wanted at least a memorandum for their money," he recalls...
...Harvard professor. "I say to Leontief. 'You'll have everything ready for the commissars.'" An article in Business Week depicted, under a slightly sinister picture of Wassily Leontief, American business men already shivering under "the chill shadow of a robot-planned and robot-managed age, the age of input-output approach to economics...