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Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz

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  • William Baumol

Abstract

Wassily Leontief's input-output analysis is often interpreted simply as a logical next step in the chain of ideas from Quesnay to Marx to von Bortkiewicz, the last of these having been Leontief's thesis adviser in Berlin. Here, it is shown that input-output is far more than that. Unlike any predecessor, it is a flexible model with widely varied applications that permits direct empirical evaluation. This is illustrated by application to net energy calculations, showing that the normal evaluation methods that ignore input-output considerations probably overestimate by 20 to 60% the net energy yield of projects designed to save energy.

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  • William Baumol, 2000. "Leontief's Great Leap Forward: Beyond Quesnay, Marx and von Bortkiewicz," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 141-152.
    • Handle: RePEc:taf:ecsysr:v:12:y:2000:i:2:p:141-152
    DOI: 10.1080/09535310050005662
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    References listed on IDEAS

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    1. Baumol, William J & Wolff, Edward N, 1981. "Subsidies to New Energy," Journal of Political Economy, University of Chicago Press, vol. 89(5), pages 891-913, October.
    2. Heinz Kurz & Neri Salvadori, 2000. "'Classical' Roots of Input-Output Analysis: A Short Account of its Long Prehistory," Economic Systems Research, Taylor & Francis Journals, vol. 12(2), pages 153-179.
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    Cited by:

    1. Guilhoto, Joaquim José Martins, 2011. "Análise de Insumo-Produto: Teoria e Fundamentos [Input-Output Analysis: Theory and Foundations]," MPRA Paper 32566, University Library of Munich, Germany.
    2. Grealis, Eoin & O’Donoghue, Cathal, 2015. "The Economic Impact of the Irish Bio-Economy: Development and Uses," Research Reports 210704, National University of Ireland, Galway, Socio-Economic Marine Research Unit.
    3. Harris, Thomas R. & Grumstrup, Ethan, 2023. "Alternative Public Land Management Policy Impacts: Ranch and County Level," Journal of the ASFMRA, American Society of Farm Managers and Rural Appraisers, vol. 2023, January.
    4. Joost Santos & Christian Yip & Shital Thekdi & Sheree Pagsuyoin, 2020. "Workforce/Population, Economy, Infrastructure, Geography, Hierarchy, and Time (WEIGHT): Reflections on the Plural Dimensions of Disaster Resilience," Risk Analysis, John Wiley & Sons, vol. 40(1), pages 43-67, January.
    5. Akhabbar, Amanar & Antille, Gabrielle & Fontela, Emilio & Pulido, Antonio, 2011. "Input-Output in Europe: Trends in Research and Applications," OEconomia, Editions NecPlus, vol. 2011(01), pages 75-99, March.
    6. Akhabbar, Amanar, 2014. "Circulation du capital et explication du changement économique chez Marschak, Frisch et Leontief [Capital Circulation and the Explanation of Economic Change by Marschak, Frisch and Leontief]," MPRA Paper 93327, University Library of Munich, Germany.
    7. Seyit Kerimkhulle & Natalia Obrosova & Alexander Shananin & Gulmira Azieva, 2022. "The Nonlinear Model of Intersectoral Linkages of Kazakhstan for Macroeconomic Decision-Making Processes in Sustainable Supply Chain Management," Sustainability, MDPI, vol. 14(21), pages 1-21, November.
    8. Heo, Pil Sun & Lee, Duk Hee, 2019. "Evolution patterns and network structural characteristics of industry convergence," Structural Change and Economic Dynamics, Elsevier, vol. 51(C), pages 405-426.
    9. Guilhoto, Joaquim José Martins, 2001. "Leontief e insumo-produto: antecedentes, princípios e evolução [Leotief and input-output: background, principles and evolution]," MPRA Paper 54649, University Library of Munich, Germany.
    10. Bos, Frits, 2011. "Three centuries of macro-economic statistics," MPRA Paper 35391, University Library of Munich, Germany.
    11. Alan B. Krueger, 2001. "An Interview with William J. Baumol," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 211-231, Summer.
    12. Xiangzheng Deng & Fan Zhang & Zhan Wang & Xing Li & Tao Zhang, 2014. "An Extended Input Output Table Compiled for Analyzing Water Demand and Consumption at County Level in China," Sustainability, MDPI, vol. 6(6), pages 1-20, May.
    13. Akhabbar, Amanar & Lallement, Jérôme, 2010. "Wassily Leontief and Léon Walras: the Production as a Circular Flow," MPRA Paper 30207, University Library of Munich, Germany.
    14. Bos, Frits, 2009. "The National Accounts as a Tool for Analysis and Policy; History, Economic Theory and Data Compilation Issues," MPRA Paper 23582, University Library of Munich, Germany.
    15. Wang, Yizhong & Hang, Ye & Jeong, Sujong & Wang, Qunwei, 2023. "Intersectoral transfers and drivers of net CO2 emissions in China incorporating sources and sinks," Technological Forecasting and Social Change, Elsevier, vol. 195(C).

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