The Origins of the von Thunen-Mill-Pareto-Wicksell-Cobb-Douglas Function

Lloyd discusses the marginal productivity theory of factor pricing and the role economists Charles Cobb, Paul Douglas, Knut Wicksell, Vilfredo Pareto, John Stuart Mill, and Johann von Thunen played in its evolution. Today though, because of its restrictive properties, the theory can no longer be use...

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Bibliographic Details
Published inHistory of political economy Vol. 33; no. 1; pp. 1 - 19
Main Author Lloyd, P. J. (Peter John)
Format Journal Article
LanguageEnglish
Published Durham Duke University Press 01.04.2001
Duke University Press, NC & IL
Subjects
Cobb, Charles
Consumption
Douglas, Paul
Econometrics
Economic analysis
Economic Theories
Economic theory
Economics
History
History of economic thought
Joint products
Manual workers
Mathematical models
Mill, John Stuart (1806-1873)
Pareto, Vilfredo (1848-1923)
Political Economy
Political Science Theories
Production functions
Productivity
Scientists
Theoretical Problems
Utility functions
von Thunen, Johann
Wicksell, Knut (1851-1926)
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Summary:Lloyd discusses the marginal productivity theory of factor pricing and the role economists Charles Cobb, Paul Douglas, Knut Wicksell, Vilfredo Pareto, John Stuart Mill, and Johann von Thunen played in its evolution. Today though, because of its restrictive properties, the theory can no longer be used in empirical studies.
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ISSN:0018-2702
1527-1919
DOI:10.1215/00182702-33-1-1