Input-Output Economics.

LEONTIEF, Wassily.

Item Number: 1293

New York: Oxford University Press, 1966.

First edition of the economist’s groundbreaking work. Octavo, original cloth. Signed by Wassily Leontief on the front free endpaper. Fine in a near fine dust jacket that shows only light wear. Books signed by the Nobel Prize-winning economist are rare.

This collection of writings provides the only comprehensive introduction to the input-output model for which Leontief was awarded the Nobel Prize in 1973. He used input-output analysis to study the trade flow between the U.S. and other countries. He discovered a paradox: U.S. exports were labor-intensive in comparison to U.S. imports. This was counterintuitive considering the U.S.'s economic advantage was in capital-intensive goods.