What is LEONTIEF PARADOX? What does LEONTIEF PARADOX mean? LEONTIEF PARADOX meaning & explanation
Wassily Wassilyevich Leontief, was a Russian-American economist known for his research on input-output analysis and how changes in one economic sector may affect other sectors. Leontief won the Nobel Committee's Nobel Memorial Prize in Economic Sciences in 1973, and four of his doctoral students have also been awarded the prize.