Word: inputs
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Dates: during 1950-1959
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...climbed to 40,000 ft. (jets are slow at low altitude). Air conditions were ideal; the aircraft and its Pratt & Whitney J-75 engine were new but carefully chosen. In earlier tests, the engine had been revved up until its temperature reached the highest permissible level, and the fuel-input control was set at that point...
...Russians have also manifested interest in input-output analysis, and are now training people to perform the necessary operations. Leontief, who visited his native Russia briefly last spring, believes that although they are "having a hard time justifying the use of an analytical tool developed by a capitalist," the Russians will resort to it soon. Certain revisions have to be made in U.S.S.R. statistical methods in order to facilitate use of the analysis, Leontief added...
...spite of the adoption of input-output analysis by 35 interested foreign countries, the United States government has completely neglected the system in recent years. The last table devised for the U. S. economy was the 450-category chart made up in 1947. Interest at that time was occasioned by a wish to know the impact throughout the economy of an expansion of government spending on arms--the extent to which other types of production would have to contact, and the "bottle necks" that might arise...
Outside the government American industries and local groups have developed several input-output tables. The Pennsylvania Railroad has based one on industries and commercial establishments that have grown up alongside its tracks. A massive report on the results of its research was published by the railroad. "This is not an academic project," Leontief remarked, "but it is practical." In St. Louis a table based on the metropolitan area has been constructed. A banking house in Berkeley, Calif., has also completed a local chart...
...value of input-output analysis to individual industries and local areas is perhaps more limited than its value to a national government, but an industrialist does benefit by knowing the extent to which demand for his product might be affected by economic change. Input-output analysis will not replace, and was not intended to replace the entrepreneur's vital role of seeking profits by anticipating changes in taste and technology, but it does provide throughout the economic system many useful indicators of the results of a change--large or small--in one of the sectors