The Origins of the Von Thunen-Mill-Pareto-Wicksell-Cobb-Douglas Function
AbstractThis paper traces the discovery of the Cobb-Douglas function. There were four antecedents to Cobb and Douglas; von Thunen, Mill, Pareto and Wicksell. The demand functions specified by Mill and Pareto implied the Cobb-Douglas utility function and von Thunen and Wicksell stated the Cobb-Douglas production function explicitly. This paper comments on why this function has played a seminal role in production and utility theory and why it has been discovered independently by several authors.
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Bibliographic InfoPaper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 660.
Length: 20 pages
Date of creation: 1998
Date of revision:
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Postal: Department of Economics, The University of Melbourne, 5th Floor, Economics and Commerce Building, Victoria, 3010, Australia
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Web page: http://www.economics.unimelb.edu.au
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PRODUCTION FUNCTIONS ; CONSUMPTION ; UTILITY FUNCTION ; MATHEMATICAL ANALYSIS;
Find related papers by JEL classification:
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