This Day in Jewish History 1906: A Nobel-prize Winning Economist Who Noticed Smog Is Born

Wassily Leontief, a child prodigy turned master of input-output theory, escaped Russia thanks to a mistaken diagnosis of cancer.

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On August 5, 1906, the Nobel Prize-winning Harvard economist Wassily Leontief, Jr., who pioneered an economic analysis method that shows how change in one industry can affect the entire economy, was born.