Skip Navigation

Cambridge Journal of Economics 2005 29(3):423-437; doi:10.1093/cje/bei034
This Article
Right arrow Full Text
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by Molina, M. G.
Right arrow Search for Related Content
Related Collections
Right arrow B21 - Microeconomics
Right arrow C65 - Miscellaneous Mathematical Tools
Right arrow D24 - Production; Cost; Capital and Total Factor Productivity; Capacity
Right arrow E22 - Capital; Investment; Capacity
Right arrow E23 - Production
Right arrow E25 - Aggregate Factor Income Distribution
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© The Author 2005. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

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

Mario García Molina*

* Universidad Nacional de Colombia and Universidad Externado de Colombia

Address for correspondence: Facultad de Ciencias Económicas, Universidad Nacional de Colombia, Bogotá, Colombia; email: mgarciamo{at}unal.edu.co

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.

Key Words: Elasticity of substitution • Money • Sraffa • Capital • Imperfect competition

JEL classifications: B21, C65, E22, E25

Manuscript received January 17, 2000; final version received July 7, 2003.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer: Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.