Word: leontiefs
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...elegantly simple technique won this year's Nobel Prize in Economics for Wassily W. Leontief, Lee Professor of Economics and the fourth American cited for the award in the past four years...
...Leontief's input-output analysis, praised by the Swedish Academy of Science for its broad range of applications, is a predictable tool that maps out the interdependence of industrial output in different types of economy...
...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...