Education
University of Michigan.
- Photos
- Works
- Photos
- Works
Charles Wiggins Cobb
Edit Profileeconomist mathematician university professor
Charles Wiggins Cobb was an American mathematician and economist and a 1912 Ph.D. graduate of the University of Michigan. He published many works on both subjects, however he is most famous for developing the Cobb–Douglas production function in economics. He worked on this project with the economist Paul H. Douglas while lecturing at Amherst College in Massachusetts.
Career
He published many works on both subjects, however he is most famous for developing the Cobb–Douglas production function in economics. He worked on this project with the economist Paul H. Douglas while lecturing at Amherst College in Massachusetts. In 1928, Charles Cobb and Paul Douglas published a study in which they modeled the growth of the American economy during the period 1899-1922.
They considered a simplified view of the economy in which production of output is determined by the amount of labor involved and the amount of capital used.
While there are many other factors affecting economic performance, their model proved to be remarkably accurate.
Achievements
References
-
Born
-
Died
1949 (aged 73) -
Nationality
United States