IDEAS home Printed from https://ideas.repec.org/a/oup/cambje/v29y2005i3p423-437.html
   My bibliography  Save this article

Capital theory and the origins of the elasticity of substitution (1932--35)

Author

Listed:
  • Mario García Molina

Abstract

Elasticity of substitution was introduced into economics during the early 1930s. It was discovered independently by Hicks in The Theory of Wages and by Joan Robinson in The Economics of Imperfect Competition, and then was the centre of a polemic involving Kahn and Sraffa, among others. The debate focused on imperfect competition and capital-theoretical issues. Some elements of the 1950s and 1960s capital theory controversy, such as the idea of capital as a Giffen good or the difficulties of measuring capital, were already discussed at this early stage. Copyright 2005, Oxford University Press.

Suggested Citation

  • Mario García Molina, 2005. "Capital theory and the origins of the elasticity of substitution (1932--35)," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 29(3), pages 423-437, May.
    • Handle: RePEc:oup:cambje:v:29:y:2005:i:3:p:423-437
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/cje/bei034
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michael Knoblach & Fabian Stöckl, 2020. "What Determines The Elasticity Of Substitution Between Capital And Labor? A Literature Review," Journal of Economic Surveys, Wiley Blackwell, vol. 34(4), pages 847-875, September.
    2. Chirinko, Robert S. & Mallick, Debdulal, 2011. "The elasticity of derived demand, factor substitution, and product demand: Corrections to Hicks' formula and Marshall's Four Rules," Labour Economics, Elsevier, vol. 18(5), pages 708-711, October.
    3. Elena Burmistrova & Sergey Lobanov, 2018. "The Allen--Uzawa elasticity of substitution for nonhomogeneous production functions," Papers 1802.06885, arXiv.org.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:cambje:v:29:y:2005:i:3:p:423-437. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/cje .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.