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Towards a Tenable Concept of ‘Warranted Supply’

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Abstract

Among the comprehensive portrayals of economic structure, the integrated tableaux économiques that have engaged the attention of economists in recent decades, the most outstanding is undoubtedly Leontief’s input-output table, both for its eloquence and rigour and its fecundity as a tool of economic analysis. Some of its statistical robustness, veracity, and adequacy may have been called into question in various contexts, but it is still a conceptual template which, consciously or unconsciously, underlies much of macroeconomic thinking, whether of an abstract or policy-oriented kind.

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© 1997 András Simonovits and Albert E. Steenge

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Seton, F. (1997). Towards a Tenable Concept of ‘Warranted Supply’. In: Simonovits, A., Steenge, A.E. (eds) Prices, Growth and Cycles. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-25275-6_13

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