Word: leontiefs
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...Since Leontief developed his model at Harvard in the early 1930s, input-output analysis has become the backbone of planning chiefly in socialist and developing nations...
Members of the Economics Department, having watched two of their colleagues rise to Nobel fame in the past two years, agreed that Leontief was a deserving but hardly surprising choice...
While most of Leontief's colleagues praised the 67-year-old economist for his economic inventiveness, one Harvard economist was more impressed with Leontief's "wonderful success at resisting the conservative tendencies of our trade...
...Leontief's attitude toward his field, like his input-output model, is free of dogmatic constraints. The Nobel Prize winner has praise for the profit motive in the American economy and the collective controls in the Chinese system...
...Leontief demonstrated his independence when he and Kenneth J. Arrow, the 1972 Nobel Prize winner, joined a tiny minority in the Department in support of tenure for radical economist Samuel S. Bowles, associate professor of Economics...