Word: input
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...past ten years, Harvard's Economic Research Project has been perfecting a unique analytical tool developed by Wassily W. Leontief, Henry Lee Professor of Economics. Input-output or inter-industry analysis, as the tool is known, evolved from a search by Leontief for a way to apply economic theory to a factual analysis of the entire national economy...
...interesting problems were not those related to small, isolated parts of the market, but rather those dealing with the economy as a whole. In early 1932, he came to Harvard, a lecturer in Economics, and secured funds from the College for research. By 1935 he had developed the first input-output table of United States industry...
...input-output table is essentially a double-entry chart of all the transactions between different sectors of the economy. It shows for a particular year what each industry supplies to every other industry and to the final consumer. The table is arranged so that each industry, or supplier, appears as a producer down one side of the chart, and again, in the same order, as a consumer along...
...goods and services. Final demand, which appears down the last right-hand column, is the total of intermediate demands of the industrial sectors, private consumers, government, and overseas customers, plus gross investment. The dollar value of final demand for a particular sector is equal to the sum of the inputs that go into that sector. Inputs are totaled in the columns (up and down), outputs are totaled in rows (left to right). By using a double entry system, the chart is self-checking with total output and total input for each sector resulting in equal dollar values...
...spend too much time "brushing away the little man who kept swinging on, and thereby obscuring, the airspeed indicator." The unanimous verdict of psychologists: the space pilot must have an abundant "sensory input" as well as work to do. He must be able to talk to the ground whenever he is awake, ask "Where am I? How am I doing?", and get reassuring answers. He must have music wherever he goes, perhaps a TV screen on which he can see where he is in relation to the earth...