One of his last works was written with Faye Duchin, and discussed what effect machines would have in displacing unskilled labor. In addition to writing The Future Impact of Automation on Workers, he also wrote an article on "The Pure Theory of the Guaranteed Annual Wage Cont
One of his last works was written with Faye Duchin, and discussed what effect machines would have in displacing unskilled labor. In addition to writing The Future Impact of Automation on Workers, he also wrote an article on "The Pure Theory of the Guaranteed Annual Wage Contract." This man utilized his best known idea in a plot of the "Structure of World Production," and he formulated that idea in The Structure of American Industry. His best known technique uses a table to chart the flow of money between various industries, while he noted that the U.S. exports labor-intensive goods instead of capital-intensive goods. For 10 points, identify this economist who developed input-output analysis, in addition to elucidating a namesake paradox.
One of his last works was written with Faye Duchin, and discussed what effect machines would have in displacing unskilled labor.
Wassily Leontief