The Origins of the Von Thunen-Mill-Pareto-Wicksell-Cobb-Douglas Function
This 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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|Date of creation:||1998|
|Date of revision:|
|Contact details of provider:|| Postal: Department of Economics, The University of Melbourne, 4th Floor, FBE Building, Level 4, 111 Barry Street. Victoria, 3010, Australia|
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