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Journal Article
History of Political Economy (2012) 44 (4): 643–661.
Published: 01 November 2012
...Peter Lloyd This article examines the first appearances of the isoquant, a concept that is central to production and supply theory. It appears to have been discovered independently by Bowley, Frisch, Cobb, and Lerner, in that order. Frisch coined the term isoquant . It is possible but not likely...
Journal Article
History of Political Economy (1975) 7 (4): 456–481.
Published: 01 November 1975
... obtainable from given quantities of fac- ’ tor inputs. Movements along a single isoquant involve shifts from one known technique to another known technique as the optimal combination of factor inputs is altered in response to changing con...
Journal Article
History of Political Economy (1993) 25 (2): 313–327.
Published: 01 June 1993
... that the index can be writ- ten as a function of the intake of nutrients. He now draws two isoquant maps. The first shows total physiological efficiency as a function of nu- trient inputs x and y (fig. 1; figs. 1 and 2 are reproductions of the orig- inal diagrams drawn by Frisch). In general, nutrients...
Journal Article
History of Political Economy (2021) 53 (2): 213–241.
Published: 01 April 2021
... visual articles, including Abba Lerner s (1933) depiction of the isoquant and R. G. D. Allen s (1934) considerations on 216 History of Political Economy 53:2 (2021) 1. His biographer and former secretary, Cynthia Earl Kerman (1974: 218) points out that Boulding had always loved maps, and his mother...
Journal Article
History of Political Economy (1997) 29 (3): 523–548.
Published: 01 September 1997
... of Lachmann 529 quant. Substitution is then simply a matter of moving around the isoquant in two-dimensional or multidimensional space. Substitution occurs be- cause of a change in the price of a production good. There is no analysis of any events that occur in disequilibrium, for example, of events...
Journal Article
History of Political Economy (1974) 6 (4): 481–486.
Published: 01 November 1974
.... Book Reviews 485 (In such a regime, the meaning of conventional production functions .is called in question, along with such artifacts as marginal productivities, isoquants, ridge lines, and all that.) A minor or secondary proposition is that initial distributions of wealth and income...
Journal Article
History of Political Economy (2020) 52 (4): 621–652.
Published: 01 August 2020
... discovery is best under- Biddle / Origins of the CES Production Function 623 4. By the late 1930s, economists had derived several expressions for Hick s elasticity of substitution, plus a graphical representation showing it to be the elasticity of the isoquant asso- ciated with such a production function...
Journal Article
History of Political Economy (2009) 41 (Suppl_1): 285–303.
Published: 01 December 2009
... words, capital deepening and the shape and productivity of the isoquants associated with a move across an aggregate Cobb-Douglas production function are being driven by both the past growth of output and the expected increase and pattern of demand that increasing incomes induce. This favors...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 32–47.
Published: 01 December 2006
...- tution provided a measure of the curvature of an isoquant. Hicks then proceeded to apply the same idea to indifference curves, apparently fol- lowing a suggestion by Hayek. It has to be noted that Allen participated in the seminar sessions, so it is likely that he discussed there the implica- tions...
Journal Article
History of Political Economy (1980) 12 (3): 336–371.
Published: 01 September 1980
Journal Article
History of Political Economy (1996) 28 (Supplement): 80–96.
Published: 01 December 1996
...- nomics and the so-called synthesis of the two dominate the curricula. Utility, consumer sovereignty, marginal productivity, production func- tions, isoquant-indifference curve analysis, cost-benefit analysis, general equilibrium etc. sing melodiously in the class room” (1987,98). The Uni...
Journal Article
History of Political Economy (2001) 33 (1): 1–19.
Published: 01 March 2001
... of the isoquants or indiffer- ence curves of the function, and the second is a property across rays in the input space. Together they specify the technology or preferences. Both of these properties stem from the multiplicative form of the Cobb-Douglas function. 3. Similarities between the Cobb-Douglas...
Journal Article
History of Political Economy (2006) 38 (Suppl_1): 86–105.
Published: 01 December 2006
... that the sum of prices weighted by changes in quantities is zero, which is implied by Samuelson’s third axiom, allowing for the definition of isoquants). Con- trary to Samuelson, Ville does not have to compare his results with Georgescu-Roegen’s theory, and his proof is much more elegant from...
Journal Article
History of Political Economy (1993) 25 (3): 461–492.
Published: 01 September 1993
Journal Article
History of Political Economy (1991) 23 (S1): 261–283.
Published: 01 December 1991
... diagrams. Isoquants showed the number of strategic and tactical targets de- stroyed respectively, with aircraft and nuclear weapons on the axes. War as a "Simple Economic Problem" 273 thinking in defense analysis was also being made by his colleagues outside Santa Monica. Nobody did this more eloquently...
Journal Article
History of Political Economy (2016) 48 (1): 151–180.
Published: 01 March 2016
... sorts of diagrams that are associated with production theory (e.g., total, marginal, and average product curves; isoquants), Hayek draws some diagrams that are meant to reveal the “gen- eral structure of means-ends relationship.” He represents situations in which there are many ends and one means...