Leontief, Wassily

born Aug. 5, 1906, St. Petersburg, Russia
died Feb. 5, 1999, New York, N.Y., U.S.

Russian-born U.S. economist.

After studying at the universities of Leningrad (1921–25) and Berlin (1925–28), he immigrated to the U.S. in 1931. At Harvard University (1931–75) he articulated his input-output analysis. He also described what is known as the Leontief Paradox: that capital, not labour, is the scarce factor of production in the U.S. He was awarded the 1973 Nobel Prize. From 1975 until his death he taught at New York University.

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▪ American economist
born Aug. 5, 1906, St. Petersburg, Russia
died Feb. 5, 1999, New York, N.Y., U.S.

      Russian-born American economist who has been called the father of input-output analysis (input–output analysis) in econometrics and who won the Nobel Prize for Economics in 1973.

      Leontief was a student at the University of Leningrad (1921–25) and the University of Berlin (1925–28). He immigrated to the United States in 1931, teaching at Harvard University, Cambridge, Massachusetts, from 1931 to 1975. From 1948 to 1975 he was director of the Harvard Economic Research Project on the Structure of the American Economy. From 1975 until his death he was a professor of economics at New York University; he was named director of the school's Institute for Economic Analysis in 1978.

      The core of his complex input-output system is a gridlike table showing what individual industries buy from and sell to one another. With the addition of government, consumers, foreign countries, and other elements, there emerges a general outline of the goods and services circulating in a national economy. The input-output method of economic analysis is used in various forms by a large number of industrialized countries for both planning and forecasting.

      Leontief is also distinguished for having developed linear programming, a mathematical technique for solving complex problems of economic operations. He also is known for the “Leontief Paradox.” Economists had previously held that a country's exports reflect the commodity most abundant in that country—i.e., labour or capital. However, as Leontief pointed out, though the United States has more capital than most other nations, the majority of its exports were of labour-intensive goods; conversely, the majority of U.S. imports were of capital-intensive goods. This phenomenon came to be known as the Leontief Paradox.

      His major publications are The Structure of the American Economy 1919–1929: An Empirical Application of Equilibrium Analysis (1941) and Input-Output Economics, 2nd ed. (1986).

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Universalium. 2010.

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  • Leontief, Wassily W. — ▪ 2000       Russian born American economist (b. Aug. 5, 1906, St. Petersburg, Russia d. Feb. 5, 1999, New York, N.Y.), won the 1973 Nobel Prize for Economics for his development of input output analysis, a method used for analyzing the… …   Universalium

  • Leontief, Wassily — (5 ago. 1906, San Petersburgo, Rusia–5 feb. 1999, N.Y. N.Y., EE.UU.). Economista estadounidense nacido en Rusia. Emigró a EE.UU. en 1931, después de estudiar en las universidades de Leningrado (1921–25) y Berlín (1925–28). En la Universidad de… …   Enciclopedia Universal

  • Leontief,Wassily — Le·on·tief (lē ônʹtyĕf, ŏnʹ ), Wassily. 1906 1999. Russian born American economist. He won a 1973 Nobel Prize for devising the input output technique of economic analysis. * * * …   Universalium

  • Leontief — Wassily Leontief (* 5. August 1905 in München[1]; † 5. Februar 1999 in New York; ursprünglich russisch Василий Васильевич Леонтьев/ Wassili Wassiljewitsch Leontjew) war ein russischer Wirtschaftswissenschaftler, der 1973 den Preis für… …   Deutsch Wikipedia

  • LEONTIEF (W. W.) — LEONTIEF WASSILY W. (1906 ) Né à Saint Pétersbourg, Wassily Leontief étudie dans cette ville l’économie de 1921 à 1925. Il participe activement, à la même époque, dans l’équipe rassemblée autour de Preobrajenski, à l’élaboration des premiers… …   Encyclopédie Universelle

  • Wassily Leontief — Infobox Scientist name = Wassily Wassilyovitch Leontief caption = W. W. Leontief at Harvard birth date = birth date|1905|8|5|mf=y birth place = Munich, Germany death date = death date and age|1999|2|5|1905|8|5|mf=y death place = New York City,… …   Wikipedia

  • Leontief-Paradoxon — Das Leontief Paradoxon ist das Ergebnis einer empirischen Untersuchung, welche 1953 durch Wassily Leontief veröffentlicht wurde und dem bis dahin unumstrittenen Heckscher Ohlin Theorem (Faktorproportionentheorem) vollkommen widerspricht.[1] Das… …   Deutsch Wikipedia

  • Leontief-Funktion — Die Leontief Produktionsfunktion ist ein Typ (Typ B) der mikroökonomischen Produktionsfunktion. Sie wird als linear limitational bezeichnet, da die Produktionsfaktoren in einem festen Verhältnis zueinander und in einem festen Verhältnis zum… …   Deutsch Wikipedia

  • Wassily Leontief — (* 5. August 1905 in München[1]; † 5. Februar 1999 in New York; ursprünglich russisch Василий Васильевич Леонтьев/ Wassili Wassiljewitsch Leontjew) war ein russischer Wirtschaftswissenschaftler, der 1973 den Preis für… …   Deutsch Wikipedia

  • Leontief paradox — Leontief s paradox in economics is that the country with the world s highest capital per worker has a lower in exports than in imports.This econometric find was the result of Professor Wassily W. Leontief s attempt to test the Heckscher Ohlin… …   Wikipedia

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