Intellectuals & Academics » Economists » WASSILY LEONTIEF
|Full name||: Wassily Leontief|
|Alias||: Wassily Leontief|
|Animals||: The Snake|
|Father||: Wassily W. Leontief|
|Wife||: Estelle Marks|
|Children||: Svetlana Leontief Alpers|
|Education||: University of Leningrad (1921-25) PhD Economics University of Berlin (1925-28)|
Wassily Wassilyovich Leontief was a Russian-American economist renowned for his input–output theory of capital for which he received the Nobel Memorial Prize in Economic Sciences in the year 1973. His works in general and the input–output theory in particular were instrumental in understanding how the output of a particular sector influenced another sector of the economy. His studies transcended the bridge that economists tended to keep with raw empirical data during his time. He also put in efforts to make data available for further studies in future. Another facet of his studies was the use of computers at a time when most studies relied on theoretical suppositions. He was widely recognized for his works as was evident by his memberships in many eminent societies and institutions. He was honored for his works with the greatest, obviously being the Nobel Memorial Prize in 1973. Explore more about Wassily Leontief life and timeline in the biography below.
Although Wassily Leontief was born in Munich, Germany to Wassily W. Leontief, a professor of Economics and Slata Leontief (Genya), much of his childhood and youth was spent in St. Petersburg (now Leningrad). Senior Leontief hailed from a dynasty of old-believer merchants while his mother belonged to a well-to-do Jewish family from Odessa. Much of his childhood was spent amidst great social and political turmoil in Russia. Leontief was just eight years old when World War I broke out and he was deeply affected by the death of Leo Tolstoy and the deep mourning that shrouded his country all through the war.