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This collection of writings provides the only comprehensive introduction to the inputoutput model for which Leontief was awarded the Nobel Prize in 1973. The structural approach to economics developed by Leontief, and known as inputoutput analysis, paved the way for the transformation of economics into a truly empirical discipline that could utilize modern data processing technology. This thoroughly revised second edition includes twenty essaystwelve of which are new to this editionthat reflect the past developments and the present state of the field. Beginning with an introductory chapter, the book leads the reader into an understanding of the inputoutput approachnot only as formal theory but also as a research strategy and powerful tool for dealing with a complex modern economy.
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