accounting approach and multisectoral modelling

Abstract

abstract: there are two versions of the multisectoral model: the "formalistic" one, based on an axiomatics of production relations and the "empiristic" version based on an accounting/algebraic approach. for this reason, the multisectoral model provides a good case study for an issue that has dominated the development of economic analysis in this century: the opposition between formalistic and the empiricist philosophies. in this paper a reconstruction of this latter one is suggested.