Word: researchers
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...past ten years, Harvard's Economic Research Project has been perfecting a unique analytical tool developed by Wassily W. Leontief, Henry Lee Professor of Economics. Input-output or inter-industry analysis, as the tool is known, evolved from a search by Leontief for a way to apply economic theory to a factual analysis of the entire national economy...
...more convinced he became that the most interesting problems were not those related to small, isolated parts of the market, but rather those dealing with the economy as a whole. In early 1932, he came to Harvard, a lecturer in Economics, and secured funds from the College for research. By 1935 he had developed the first input-output table of United States industry...
...second table forecasts can be made of the effect throughout all industries of a change in demand for the produce of one industry. The statistical computations for "inverting the matrix" are multitudinous and require the solution of so many simultaneous equations that electronic computers must be used. Presently the Research Project is using a Univac and an IBM 650. Calculations on household consumption are being made with M.I.T...
Underdeveloped countries also have to overcome difficulties in formulating tables to use for planning. Although their economies are relatively uncomplicated, problems do arise in the collection of data, according to Mrs. E. W. Gilboy, assistant director of the Research Project and lecturer in Economics. Another difficulty for them is collecting funds for purchase of the giant computers necessary to construct the chart after the data is secured. Spain, which set up a table several years ago, had to send information to Italy, where computer work was done on Italian machines...
Commenting on Miss Bullard's gift to the Medical School, Dean George Packard Berry said, "Miss Bullard's interest in supporting research in the field of neurology at the Harvard Medical School will not only greatly strengthen existing activities but also foster research in new areas of basic science as applied to neurological problems...