Word: leontiefs
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Dates: during 1970-1979
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...Sweden as an example since they gave me this prize," Leontief said. "That country gives four times as much aid to less developed countries in proportion to its income than...
...Soviet Union, Leontief's birthplace, is not high on his list of model economic systems. Leontief does not emphasize the problems of the Russian economy, but rather says it is plagued by the "troubles familiar to most socialist and most capitalist countries...
...Leontief left the Soviet Union in 1925 to continue his education at the University of Berlin. The year after he received his Ph.D., he worked for the Chinese government, planning transportation systems...
...Leontief's input-output analysis, in line with his perspective on economics, is value-free and applicable to a variety of market structures...
...lighter moment, Leontief compared his Nobel Prize-winning input-output analysis to a cooking recipe: "You add some ingredients, and then you figure out how the whole thing hangs together...