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This book contains a collection of essays written by renowned economists on the occasion of Andras Brody's 70th birthday. Andras Brody has contributed to many fields of economics, including mathematical modelling, the theory of economic growth, marxian economics and input-output analysis. The essays contained in this book deal with new results in these and related fields, and cover both theoretical and empirical aspects. Among the topics being discussed are foundations of input-output analysis, methodologies for measuring economic growth and structural change, and normative aspects of economic behaviour. The book also includes a chapter on the extraordinary event of building an input-output table for the newly reunited Germany.

In this contribution we discuss new developments in Dutch thinking about the increasing risk of big floods. A first issue concerns the choice of methodology. Today several ones exist to assess the consequences of big natural catastrophes. These methodologies differ significantly in background philosophy, objective or scope. In the U.S., for example, several market-based approaches have been presented recently, focusing on short run disequilibria. Certain preferences seem to exist, depending on country and type of catastrophe we wish to study. Nonetheless, by and large the debate is still open, depending on what the country or region views as its major problem. It is questionable whether market-based approaches are fruitful for a small country with a large state influence, such as the Netherlands. Probably it is better to start from the notion of specific types of network disruptions in a highly developed and densely populated country. In this paper, we focus on the interdependencies between production and consumption activities. This leads to an investigation based on Input-Output (I-O) methodologies. A big flood then causes a series of disruptions in the existing production and consumption networks. Our paper addresses the point that I-O as it stands is not very appropriate. The basic problem is that I-O models stress interaction and equilibrium, while here we have to deal with disruption and disequilibrium. In our contribution, we model the consequences of a disaster where a part of the existing economic networks fails temporarily or forever. Several situations can be distinguished: after the disaster, many suppliers will have lost their customers. Vice versa, it also may be impossible to satisfy existing demand because the supplying firms cannot deliver any more. This means that the economy suddenly has to decide on the way its now restricted resources should be distributed. In fact, a major decision is asked for. Economic policy needs to steer the distribution of the available goods in intelligent ways between various categories of buyers and suppliers. In a pure market economy decisions made most likely will be different from those made in a heavily regulated country like the Netherlands. Our research is based on the basic hypothesis underlying I-O models, i.e. the need to distinguish between two major categories of destination, 'final consumption' (such as households, investment demand, government demands, exports), and 'intermediate demand' (basically all inputs into the industrial core of the country). Outcomes will be different according to the choices being made. One reason is the presence of multiplier effects, which reflect current interactions. A choice in favour of final demand will alleviate problems of the affected groups, but at the same time will increase inter-industry imbalances, and imply a heavy role for supporting import. The choice is not straightforward, and involves complex interrelations and interactions. In this paper we use regional I-O tables in combination with GIS-based techniques. In the empirical part of the paper we discuss the consequences of a large dike break in the central part of the country.

Since its publication in 1955, Almarin Phillips' article "The Tableau Économique as a Simple Leontief Model" has inspired an interesting line of interpretation of the arithmetical schemes presented two centuries earlier by François Quesnay. Subsequent attempts to represent the Tableaux économiques in the form of Input-Output transcriptions by Shlomo Maital (1972), Bernhard Korte (1972), Tibor Barna (1975), and Paul Samuelson (1986), among others, have underlined the brilliance of the French doctor's formal conception of the economy as a reproductive system.

At present we observe a decreasing role for the state in many areas where it used to be prominent. Amidst severe budgetary cuts, the state and its organs are confronted with ever louder calls for efficiency in public office (`value for money') and public performance. Simultaneously we see in many democratic welfare states the rise of new institutional forms and social organizations responding to new public priorities. Phenomena like privatization and de-regulation, new forms of regulation and self-regulation, and the rise of special issue groups are an expression of this. This book seeks to provide order in some of today's issues and to offer analysis and explanation for selected topics. The book opens with contributions on the importance of concepts of present-day institutional economics interpreting modern governmental behavior and organization. Subsequent chapters deal with new developments in various fields such as environmental management and conservation, political legitimacy, or the new roles for covenants. Audience: This volume will be of interest for scholars in the fields of public service, government studies and adjacent branches of economics, political science and law

Input‐output analysis (I‐O) is increasingly used in studies of sudden catastrophes such as earthquakes, hurricanes, or, in the case of The Netherlands, major flooding. Unfortunately, in catastrophe analysis, there is no general consensus over the points of departure. Therefore, we need a basic notion of "where to start from". One task the I‐O modeller faces after the disaster is to construct a plausible basis for the recovery and reconstruction efforts. Here the literature has developed the concept of the so‐called event matrix. The event matrix is an I‐O compatible matrix that traces the development of the situation at selected intervals after the catastrophe and during the reconstruction phase. However, the concept of I‐O on the basis of a well‐founded "event matrix" theory is still developing. It is the purpose of this paper to put forward a specific point of departure in disaster analysis, starting from I‐O fundamentals and introducing the concept of a "basic equation" as a necessary first step in the construction of an event matrix.