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What is History of Algebraic Production Functions about?

1. Early economists like Turgot implicitly described production functions in their discussions of diminishing returns in the 18th century, though production functions were not yet expressed algebraically. 2. In the late 18th/early 19th century, economists like Malthus, Ricardo, and von Thünen hypothesized specific functional forms for production like logarithmic, quadratic, and exponential, moving closer to modern algebraic production functions. 3. By the late 19th century, production functions were bein

Author

Mario Cacasenno

Language

EN