WASSILY LEONTIEF

The role of humans as the most important factor of production is bound to diminish in the same way that the role of the horse in agricultural production.

Page after page of professional economic journals are filled with mathematical formulas leading the reader from sets of more or less plausible but entirely arbitrary assumptions to precisely stated but irrelevant theoretical conclusions.

The role of humans as the most important factor of production is bound to diminish in the same way that the role of the horse in agricultural production.

Page after page of professional economic journals are filled with mathematical formulas leading the reader from sets of more or less plausible but entirely arbitrary assumptions to precisely stated but irrelevant theoretical conclusions.