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Charles Cobb (economist)
Charles Wiggins Cobb (September 17, 1875 – March 2, 1949) 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 Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode .... 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 othe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plymouth, Massachusetts
Plymouth ( ; historically also spelled as Plimouth and Plimoth) is a town in and the county seat of Plymouth County, Massachusetts, United States. Located in Greater Boston, the town holds a place of great prominence in American history, folklore, and culture, and is known as "America's Hometown". Plymouth was the site of the colony founded in 1620 by the ''Mayflower'' Pilgrims (Plymouth Colony), Pilgrims, where New England was first established. It is the oldest municipality in New England and one of the oldest in the United States. The town has served as the location of several prominent events, one of the more notable being the Thanksgiving (United States)#Harvest festival observed by the Pilgrims at Plymouth, First Thanksgiving feast. Plymouth served as the capital of Plymouth Colony from its founding in 1620 until the colony's merger with the Massachusetts Bay Colony in 1691. The English explorer John Smith (explorer), John Smith named the area Plymouth (after the city in Sou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economist
An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are many sub-fields, ranging from the broad philosophy, philosophical theory, theories to the focused study of minutiae within specific Market (economics), markets, macroeconomics, macroeconomic analysis, microeconomics, microeconomic analysis or financial statement analysis, involving analytical methods and tools such as econometrics, statistics, Computational economics, economics computational models, financial economics, regulatory impact analysis and mathematical economics. Professions Economists work in many fields including academia, government and in the private sector, where they may also "study data and statistics in order to spot trends in economic activity, economic confidence levels, and consumer attitudes. They ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Economists
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label that was previously known as Def American * American University, in Washington, D.C. Sports teams ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
19th-century American Mathematicians
The 19th century began on 1 January 1801 (represented by the Roman numerals MDCCCI), and ended on 31 December 1900 (MCM). It was the 9th century of the 2nd millennium. It was characterized by vast social upheaval. Slavery was Abolitionism, abolished in much of Europe and the Americas. The First Industrial Revolution, though it began in the late 18th century, expanded beyond its British homeland for the first time during the 19th century, particularly remaking the economies and societies of the Low Countries, France, the Rhineland, Northern Italy, and the Northeastern United States. A few decades later, the Second Industrial Revolution led to ever more massive urbanization and much higher levels of productivity, profit, and prosperity, a pattern that continued into the 20th century. The Catholic Church, in response to the growing influence and power of modernism, secularism and materialism, formed the First Vatican Council in the late 19th century to deal with such problems an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1949 Deaths
Events January * January 1 – A United Nations-sponsored ceasefire brings an end to the Indo-Pakistani War of 1947. The war results in a stalemate and the division of Kashmir, which still continues as of 2025 * January 2 – Luis Muñoz Marín becomes the first democratically elected Governor of Puerto Rico. * January 11 – The first "networked" television broadcasts take place, as KDKA-TV in Pittsburgh, Pennsylvania, goes on the air, connecting east coast and mid-west programming in the United States. * January 16 – Şemsettin Günaltay forms the new government of Turkey. It is the 18th government, last One-party state, single party government of the Republican People's Party. * January 17 – The first Volkswagen Beetle, VW Type 1 to arrive in the United States, a 1948 model, is brought to New York City, New York by Dutch businessman Ben Pon Sr., Ben Pon. Unable to interest dealers or importers in the Volkswagen, Pon sells the sample car to pay his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1875 Births
Events January * January 1 – The Midland Railway of England abolishes the Second Class passenger category, leaving First Class and Third Class. Other British railway companies follow Midland's lead during the rest of the year (Third Class is renamed Second Class in 1956). * January 5 – The Palais Garnier, one of the most famous opera houses in the world, is inaugurated as the home of the Paris Opera. * January 12 – Guangxu Emperor, Guangxu becomes the 11th Qing dynasty Emperor of China at the age of 3. He succeeds his cousin, the Tongzhi Emperor, who had no sons of his own. * January 14 – The newly proclaimed King Alfonso XII of Spain (Queen Isabella II's son) arrives in Spain to restore the monarchy during the Third Carlist War. * January 24 – Camille Saint-Saëns' orchestral ''Danse macabre (Saint-Saëns), Danse macabre'' receives its première. February * February 3 – Third Carlist War: Battle of Lácar – Carlist commander Torcuat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Massachusetts
Massachusetts ( ; ), officially the Commonwealth of Massachusetts, is a U.S. state, state in the New England region of the Northeastern United States. It borders the Atlantic Ocean and the Gulf of Maine to its east, Connecticut and Rhode Island to its south, New Hampshire and Vermont to its north, and New York (state), New York to its west. Massachusetts is the List of U.S. states and territories by area, sixth-smallest state by land area. With a 2024 U.S. Census Bureau-estimated population of 7,136,171, its highest estimated count ever, Massachusetts is the most populous state in New England, the List of U.S. states and territories by population, 16th-most-populous in the United States, and the List of states and territories of the United States by population density, third-most densely populated U.S. state, after New Jersey and Rhode Island. Massachusetts was a site of early British colonization of the Americas, English colonization. The Plymouth Colony was founded in 16 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paul Douglas (Illinois Politician)
Paul Howard Douglas (March 26, 1892 – September 24, 1976) was an American politician and Georgist economist. A member of the Democratic Party, he served as a U.S. senator from Illinois for eighteen years, from 1949 to 1967. During his Senate career, he was a prominent member of the liberal coalition. Born in Massachusetts and raised in Maine, Douglas graduated from Bowdoin College and Columbia University. He served as a professor of economics at several schools, most notably the University of Chicago, and earned a reputation as a reformer while a member of the Chicago City Council (1939–1942). During World War II, he served in the U.S. Marine Corps, rising to the rank of lieutenant colonel and becoming known as a war hero. He first married Dorothy Wolff in 1915. They had four children. He divorced her in 1930 and a year later married Emily Taft Douglas, daughter of sculptor Lorado Taft and a U.S. representative from Illinois's At-large district (1945–1947). Early ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mathematician
A mathematician is someone who uses an extensive knowledge of mathematics in their work, typically to solve mathematical problems. Mathematicians are concerned with numbers, data, quantity, mathematical structure, structure, space, Mathematical model, models, and mathematics#Calculus and analysis, change. History One of the earliest known mathematicians was Thales of Miletus (); he has been hailed as the first true mathematician and the first known individual to whom a mathematical discovery has been attributed. He is credited with the first use of deductive reasoning applied to geometry, by deriving four corollaries to Thales's theorem. The number of known mathematicians grew when Pythagoras of Samos () established the Pythagorean school, whose doctrine it was that mathematics ruled the universe and whose motto was "All is number". It was the Pythagoreans who coined the term "mathematics", and with whom the study of mathematics for its own sake begins. The first woman math ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cambridge, Massachusetts
Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 United States census, 2020 U.S. census was 118,403, making it the most populous city in the county, the List of municipalities in Massachusetts, fourth-largest in Massachusetts behind Boston, Worcester, Massachusetts, Worcester, and Springfield, Massachusetts, Springfield, and List of cities in New England by population, ninth-most populous in New England. The city was named in honor of the University of Cambridge in Cambridge, England, which was an important center of the Puritans, Puritan theology that was embraced by the town's founders. Harvard University, an Ivy League university founded in Cambridge in 1636, is the oldest institution of higher learning in the United States. The Massachusetts Institute of Technology (MIT), Lesley University, and Hult Inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cobb–Douglas Production Function
In economics and econometrics, the Cobb–Douglas production function is a particular functional form of the production function, widely used to represent the technological relationship between the amounts of two or more inputs (particularly physical capital and labor) and the amount of output that can be produced by those inputs. The Cobb–Douglas form was developed and tested against statistical evidence by Charles Cobb and Paul Douglas between 1927 and 1947; according to Douglas, the functional form itself was developed earlier by Philip Wicksteed. Formulation In its most standard form for production of a single good with two factors, the function is given by: : Y(L,K)=AL^\beta K^\alpha where: * ''Y'' = total production (the real value of all goods produced in a year or 365.25 days) * ''L'' = labour input (person-hours worked in a year or 365.25 days) * ''K'' = capital input (a measure of all machinery, equipment, and buildings; the value of capital input divided by t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
