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The CES Function

  • David F. Heathfield
  • Sören Wibe
Chapter

Abstract

The first step in the development of the production function had been taken by Cobb and Douglas in the 1920s. The second step was to come some forty years later by a quartet of economists — Arrow, Chenery, Minhas and Solow (ACMS). They developed the Constant Elasticity of Substitution function.

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Copyright information

© David F. Heathfield and Sören Wibe 1987

Authors and Affiliations

  • David F. Heathfield
  • Sören Wibe

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