This article details the application of an economic theory to the fiscal operation of a small engineering consulting firm. Nobel Prize-winning economist Wassily Leontief developed his general input-output economic theory in the mid-twentieth century to describe the flow of goods and services in the U.S. economy. We use one mathematical model that…

The logic and methodological concepts behind the application of a quantitative methodology to the problem of effective resource utilization in the New York State suburban schools is detailed. The goal of the study was to determine the best composition of available "factors of production," measured in dollar amounts by function, that…