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Leontief wanted economists to spend more time getting to know their data, and less time in mathematical modelling.

Most economists still reject Professor Leontief’s analogy, but the conventional economic consensus is starting to fray.

Developed by Nobel Prize–winning economist Wassily Leontief, the data estimate the environmental emissions and energy consumed while making individual products.

Nina Oding, an economist at the city's Leontief Centre, criticised "clumsy efforts by the state somehow to regulate price formation".

In 2008, he won the Leontief Prize for “advancing the frontiers of economic thought.”