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Stories by Wassily Leontief

The Choice of Technology

The ripple of a new technology throughout the economy leads to effects that are not predictable by examining each industry in isolation. Every decision to introduce technology could be based on data available to all...

June 1, 1985 — Wassily Leontief

The Structure of Development

Analysis of an economy by the input-output method reveals its internal structure, which is dictated largely by technology. Applied to underdeveloped economies, the technique maps out paths to growth...

September 1, 1963 — Wassily Leontief

Machines and Man

What about the economic and social impact of automatic control systems? Can industry afford to buy them, and will they cause widespread technological unemployment?

September 1, 1952 — Wassily Leontief
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