Perhaps I should actually break down and look at Leontief's methods. But since I heard that he treated "technology" as a scalar input, I've had a disgust toward the topic.
...Hmmm... Google doesn't think that "process equations" have much to do with "Leontief" (10 hits)....Further digging suggests that Leontief was indeed saying what you and I have trouble believing he'd say:
The neoclassical production function is an explicit function Q = f(K,L), where Q = Quantity, K = Capital, L = Labor... Leontief, the innovator of input-output analysis, uses a special production function which depends linearly on the total output variables.... Widipedia: Input-output model
Q = f(K,L),
where Q = Quantity, K = Capital, L = Labor... Leontief, the innovator of input-output analysis, uses a special production function which depends linearly on the total output variables....
Widipedia: Input-output model
I'm puzzled. Words and ideas I offer here may be used freely and without attribution.
The inimitable book by Leontief himself remains the best exposition of input-output analysis. See bibliography.
The wikipedia article also says
Despite the clear ability of the input-output model to depict and analyze the dependence of one industry or sector on another, Leontief and others never managed to introduce the full spectrum of dependency relations in a market economy.
Irving Hock at the Chicago Area Transportation Study did detailed forecasting by industry sectors using input-output techniques. At the time, Hock's work was quite an undertaking, the only other work that has been done at the urban level was for Stockholm and it was not widely known. Input-output was one of the few techniques developed at the CATS not adopted in later studies. Later studies used economic base analysis techniques.
In 2003, Mohammad Gani, a pupil of Leontief, introduced Consistency Analysis in his book 'Foundations of Economic Science', which formally looks exactly like the input-output table, but explores the dependency relations in terms of payments and intermediation relations. ... In a technical sense, input-output analysis can be seen as a special case of consistency analysis without money and without entrepreneurship and transaction cost.
...
In a technical sense, input-output analysis can be seen as a special case of consistency analysis without money and without entrepreneurship and transaction cost.