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1 - Introduction and Overview

Published online by Cambridge University Press:  06 January 2022

Ronald E. Miller
Affiliation:
University of Pennsylvania
Peter D. Blair
Affiliation:
George Mason University
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Summary

The introductory chapter recaps the genesis of the field of input–output or interindustry analysis as a widely utilized framework to analyze the interdependence of industries in an economy. The introduction chronicles how the input–output framework, conceived originally by Wassily Leontief in the 1930s, has matured over the last seven decades to become a key component of many types of economic analysis and one of the most widely applied methods in economics. This book presents the framework set forth by Leontief and explores the many extensions that have been developed, and the introduction concludes by summarizing the key features of the succeeding chapters, appendices, and related online resources chronicling those developments.

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