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Wassily Wassilyevich Leontief Russian : Василий Васильевич Леонтьев ; August 5, — February 5,was a Soviet-American economist known for his research on input—output analysis and how changes in one economic sector may affect other sectors. Leontief won the Nobel Memorial Prize in Economic Sciences inand four of his doctoral students have also been awarded the prize Paul SamuelsonRobert SolowVernon L.
SmithThomas Schelling Wassily Leontief was born on August 5,in MunichGermany, the son of Wassily W. Leontief professor of Economics and Zlata German spelling Slata ; later Evgenia Leontief née Becker. Leontief, daniel polenske dissertation, Sr.
Petersburg since He earned his Learned Economist degree equivalent to Master of Arts in at the age of Leontief sided with campaigners for academic autonomy, freedom of speech and in support of Pitirim Sorokin.
As a consequence, he was detained several times by the Cheka. Inhe was allowed to leave the USSR, mostly because the Cheka believed that he was mortally ill with a sarcomaa diagnosis that later proved false.
degree in economics under the direction of Werner Sombartwriting his dissertation on The Economy as Circular Flow original German title: Die Wirtschaft als Kreislauf. From tohe worked at the Institute for the World Economy of the University of Kiel.
There he researched the derivation of statistical demand and supply curves. Inhe traveled to China to assist its ministry of railroads as an advisor. Inhe went to the United States and was employed by the National Bureau of Economic Research.
During World War II, Leontief served as consultant at the U. Office of Strategic Services. Leontief joined Harvard University 's department of economics in and in became professor of economics there. InLeontief used an early computer at Harvard and data from the U. Bureau of Labor Statistics to divide the U. economy into sectors.
Leontief modeled each sector with a linear equation based on the data and used the computer, the Harvard Mark IIto solve the system, one of the first significant uses of computers for mathematical modeling, [11] [12] [13] [14] along with George W, daniel polenske dissertation.
Snedecor 's usage of the Atanasoff—Berry computer. Leontief set up the Harvard Economic Research Project in and remained its director until Starting inhe chaired the Harvard Society of Fellows, daniel polenske dissertation.
InLeontief joined New York University and founded and directed the Institute for Economic Analysis. He taught graduate and undergraduate classes.
InLeontief married the poet Estelle Marks. Their only child, Svetlana Leontief Alperswas born in Estelle wrote a memoir, Genia and Wassily[9] of their relations with his parents after they came to the US as émigrés. As hobbies Leontief enjoyed fly fishingballetand fine wines. He vacationed for years at his farm in West BurkeVermont, daniel polenske dissertation, but after moving to New York in the s moved his summer residence to Lakeville, Connecticut.
Leontief died in New York City on Friday, February 5, at the age of Leontief is credited with developing early contributions to input—output analysis and earned the Nobel Prize in Economics for his development of its associated theory. He has also made contributions in other areas of economics, such as international trade where he documented the Leontief paradox.
He was also one daniel polenske dissertation the first to establish the composite commodity theorem. Leontief earned the Nobel Prize in economics for his work on input—output tables.
Input—output tables analyze the process by which inputs from one industry produce outputs for consumption or for inputs for another industry. With the input—output table, one can estimate the change in demand for inputs resulting from a daniel polenske dissertation in production of the final good. The analysis assumes that input proportions are fixed; thus the use of input—output analysis is limited to rough approximations rather than prediction.
Input—output was novel and inspired large-scale empirical work; in its iterative method was recognized as an early intellectual precursor to Google 's PageRank. Leontief used input—output analysis to study the characteristics of trade flow between the U.
and other countries, and found what has been named Leontief's paradox ; "this country resorts to foreign trade in order to economize its capital and dispose of its surplus laborrather than vice versa", i. exports were relatively labor-intensive when compared to U. This is daniel polenske dissertation opposite of what one would expect, considering the fact that the U.
According to some economists, this paradox has since been explained as due to the fact that when a country produces "more than two goods, the abundance of capital relative to labor does not imply that the capital intensity of its exports should exceed that of imports. Leontief was also a very strong proponent of the use of quantitative data in the study of daniel polenske dissertation. Throughout his life Leontief campaigned against "theoretical assumptions and non-observed facts".
To that end, Wassily Leontief did much to make quantitative data more accessible, daniel polenske dissertation, and more indispensable, to the study of economics. The Global Development daniel polenske dissertation Environment Institute at Tufts University awards the Leontief Prize in Economics each year in his honor. Leontief is listed in the Russian-American Chamber of Fame of Congress of Russian Americanswhich is dedicated to Russian immigrants who made outstanding contributions to American science or culture.
Much of daniel polenske dissertation academic teaching and research has been criticized for its lack of relevance, that is, of immediate practical impact. The trouble is caused, daniel polenske dissertation, however, not by an inadequate selection of targets, but rather by our inability to hit squarely on them, by the palpable inadequacy of the scientific means with which they try to solve them. The weak and all too slowly growing empirical foundations clearly cannot support the proliferating superstructure of pure, or should I say, speculative economic theory By the time it comes to interpretations of the substantive conclusions, the assumptions on which the model has been based are easily forgotten.
But it is precisely the empirical validity of these assumptions on which the usefulness of the entire exercise depends. A natural Darwinian feedback operating through selection of academic personnel contributes greatly to the perpetuation of this state of affairs.
The role of humans as the most important factor of production is bound to diminish in the same way that the role of horses in agricultural production was first diminished and then eliminated by the introduction of tractors. From Wikipedia, daniel polenske dissertation, the free encyclopedia. Soviet-American economist.
MunichGerman Empire. New York City[2] United States. Retrieved on Cambridge, Massachusetts: MIT Press. The Independent. Retrieved 18 May In his Nobel Prize website biographical information it states that recent information sets his year of birth to Kurz Economic Systems Research. doi : S2CID Leontief in Russia". Zephyr Press. ISBN Economists at War: How a Handful of Economists Helped Win and Lose the World Wars.
Oxford University Press. Linear Algebra and Its Applications Third ed. Addison Wesley, daniel polenske dissertation. Wassily Leontief daniel polenske dissertation Input-Output Economics. Cambridge University Press. Machine Solutions of Linear Differential Equations Applications to a Dynamic Economic Model, Ph. Harvard University. Leontief; Economist Won Nobel Prize". Los Angeles Times.
Retrieved Washington Post, daniel polenske dissertation. ISSN org com arXiv : Library of Economics and Liberty. Retrieved 5 May Input-output Economics. All Was Not Lost: Journey of a Russian Immigrant from Riga to Chicagoland.
Retrieved August 15, Educational Planning: The International Dimension, daniel polenske dissertation. Laureates of the Sveriges Riksbank Prize in Economic Sciences.
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Please contact this domain's administrator as their DNS Made Easy services have expired Daniel Polenske Dissertation to provide high quality customized writing solutions to all your assignments including essays, term papers, research papers, dissertations, coursework and /10() Wassily Wassilyevich Leontief (Russian: Василий Васильевич Леонтьев; August 5, – February 5, ), was a Soviet-American economist known for his research on input–output analysis and how changes in one economic sector may affect other sectors.. Leontief won the Nobel Memorial Prize in Economic Sciences in , and four of his doctoral students have
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