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CES production function
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Journal Article
History of Political Economy (2020) 52 (4): 621–652.
Published: 01 August 2020
...Jeff Biddle The CES production function was introduced to economics in the 1961 paper “Capital-Labor Substitution and Economic Efficiency,” by Kenneth Arrow, Hollis Chenery, Bagicha Minhas, and Robert Solow. The paper had an immediate and substantial impact on economic research, and the CES...
Journal Article
History of Political Economy (2022) 54 (2): 351–367.
Published: 01 April 2022
... about deriving production functions from farm records in Tintner 1944 ) and Lawrence Klein ( 1953 ); the second describes how the regression was adopted by researchers in agricultural economics (discussed below); and the third is the constant elasticity of substitution (CES) production function...
FIGURES
Journal Article
History of Political Economy (2001) 33 (1): 1–19.
Published: 01 March 2001
... Pareto (1892) implies a utility function that is Cobb-Douglas
in form.
There are, however, at least two other precedents that predate Pareto.
Johann von Thünen actually wrote down a form of the Cobb-Douglas
production function sometime before his death in 1850 (Dempsey 1960).
In elaborating his...
Journal Article
History of Political Economy (2000) 32 (Suppl_1): 145–176.
Published: 01 December 2000
... of Political Economy 71.4 : 331 -46. ____. 1967 . More on CES Production Functions. Review of Economics and Statistics 49.4 : 600 -610. Hahn, F. H., ed. 1971 . Readings in the Theory of Growth . London: Macmillan. Harcourt, G. C. 1997 . The Kaldor Legacy: Reviewing Nicholas Kaldor, Causes...
Journal Article
History of Political Economy (2006) 38 (1): 1–14.
Published: 01 March 2006
...) and Sraffa (1960) ought to applaud our avoidance
of any surrogate capital good that is “aggregated” from non-commensurable
heterogeneous wheat and iron. And they should applaud our abstemious
avoidance of Cobb-Douglas-like J. B. Clark differentiable neoclassical
production functions.
Elsewhere...
Journal Article
History of Political Economy (1981) 13 (2): 313–336.
Published: 01 June 1981
... adjustments in the direction of
8. Reading in the original, “Reste . . . a montrer, en ce qui concerne l’equilibre de la
production comme en ce qui concernait celui de I’echange, que ce meme problkme dont
nous avons donne la solution theorique est aussi celui qui se resout pratiquement sur le...
Journal Article
History of Political Economy (2023) 55 (4): 773–784.
Published: 01 August 2023
... from his means of production” (Weber 1946 : 131). On the specialization of scientific research, see his claim that the organization of modern science “has entered a phase of specialization previously unknown,” a condition that will “forever remain the case” (Weber 1946 : 134). On the importance...
Journal Article
History of Political Economy (2014) 46 (2): 281–306.
Published: 01 June 2014
... is not true for reward according to capacity” (Blanc 1847b, 141).
Pecqueur (1842b, 667–68) explained that, in a perfectly organized soci-
ety, with “each man properly fulfilling the duties of his function, all,
without exception, have a right to equality of reward or a share in the
product and social...
Journal Article
History of Political Economy (2012) 44 (1): 97–111.
Published: 01 March 2012
... as special favors and subsidies to
private interests.5 He reaffirmed his views on the noncompetitive French
3. See “Concurrence et monopole [CM1 “Concurrence et monopole [CM2 “Concur-
rence et monopole [CM3 and “Concurrence et monopole [CM4 in B&K, 1:573–89.
4. “Ce n’est pas au reste...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 107–126.
Published: 01 December 2009
... . London: Macmillan. Hogan, Warren P. 1958 . Technical Progress and the Production Function. Review of Economics and Statistics 40 : 407 –11. Jaffé, William. 1976 . Jevons, Menger, and Walras Dehomogenized. Economic Inquiry 14 : 511 –24. Kaldor, Nicholas. 1955–56 . Alternative Theories...
Journal Article
History of Political Economy (1975) 7 (4): 566–568.
Published: 01 November 1975
...-
Douglas (or CES) aggregate, and inferring micro production functions from
Book Reviews 567
an observed aggregate are both extremely doubtful if not inadmissible pro-
cedures. The correct position, according to Blaug, is that marginal...
Journal Article
History of Political Economy (2009) 41 (2): 271–295.
Published: 01 June 2009
... on the Capitalistic Technique of Production. Review of Economic Statistics ( October ): 165 –70. Allix, Edgar. 1911 . La déformation de l'économie politique libérale après J.-B. Say: Charles Dunoyer. Revue d'histoire des doctrines économiques et sociales 4 : 115 –47. Arena, Richard. 1982...
Journal Article
History of Political Economy (1971) 3 (1): 190–197.
Published: 01 March 1971
... multiplication dee dbbouches, A l'extension du march6
par suite de 1% facilit6 des transports. Toutes ces conditions relatives B Is
demande restant les memes, si nous supposons que les conditions de la production
viennent A changer, que les frais s'618vent ou se rgduisent, que des monopoles
soient...
Journal Article
History of Political Economy (2004) 36 (2): 273–293.
Published: 01 June 2004
... to demonstrate the function of
stabilizing the exchange ratio between the precious metals and therefore
preventing any negative effects on the price level.15
A significant part of the new surpluses had been created through a
substantial increase in gold production at the mines in California and
Australia...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 35–43.
Published: 01 December 2009
...
But I want to share with you what I have concluded after all these
years, or perhaps stupidly concluded:
1. First, it is true that the existence of a well-behaved index of capital
and an aggregate production function do not exist in general. In this
conclusion I am in apparent...
Journal Article
History of Political Economy (2009) 41 (3): 471–489.
Published: 01 September 2009
... with Arthur Cecil Pigou’s analysis in his 1928 book on
public fi nance (chap. 3). He also considers, in the simple case present in
the published article of a linear production function (i.e., the case of con-
stant and independent returns to capital and labor), different tax rates on
earned and unearned...
Journal Article
History of Political Economy (2008) 40 (2): 345–363.
Published: 01 June 2008
... Instruction. HOPE 31.2 : 337 -59. ———. 2002 . The “Protective State” Approach to the “Productive State” in The Wealth of Nations: The Odd Case of Lay Patronage. Journal of the History of Economic Thought 24.4 : 427 -41. Rosenberg, Nathan. 1960 . Some Institutional Aspects of the Wealth...
Journal Article
History of Political Economy (1993) 25 (suppl_1): 83–117.
Published: 01 January 1993
..., C. E ., and R .F. Allen. 1970. Factor Prices, Commodity Prices, and
Switches o f Technique. Western Economic Journal 8:95-109.
Gallaway, L ., and V. Shukla. 1974. The Neoclassical Production Function. Am eri
can Economic Review 64:348-58.
Garegnani, P. 1970...
Journal Article
History of Political Economy (2020) 52 (S1): 59–84.
Published: 01 December 2020
.... J. Lewis Compar- ing Governmental and Private Telegraph and Telephone Utilities. Commercial Bulletin no. 7. New York: AT&T, Commercial Engineering Ofce. Barnard, Chester I. 1938. The Functions of the Executive. Cambridge, MA: Harvard University Press. Bruce, Kyle, and Chris Nyland. 2001. Scienti...
Journal Article
History of Political Economy (2007) 39 (3): 403–433.
Published: 01 September 2007
... argued further, “convinced man-
agers of the necessity of creating functionalized employment departments”
to allow increased specialization and division of labor in the hiring and
maintenance of the labor force, and allowing foremen to “concentrate
upon supervising and directing production itself...
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