Re: Fw: A question for those with fingers on figures

["David Spitzley" <dspitzle@gw.wash.k12.mi.us>]

Actually, I'm curious: is the Cobb-Douglas function considered a valid tool for 
analyzing the macroeconomy, or is it generally used just for microeconomic 
models?  I had gotten the impression that it didn't really handle the economy 
as a whole very well, but I haven't had the opportunity to look into it much 
since my first encounter with it.

>>> "Charles W. Upton" <cupton@kent.edu> 10/25/99 06:59PM >>>

----- Original Message -----
From: Michael Harrington <mharrington@milken-inst.org>
To: <ownership@cog.kent.edu>
Sent: Monday, October 25, 1999 1:50 PM
Subject: RE: Fw: A question for those with fingers on figures


> Charles,
> It seems this email got cut off in the middle of your comments and your
web
> page reference was also missing.
> Can you repost it?
> Thanks,
> Michael Harrington
>

Bad editing on my part. I thought about making a mathematical argument
appealing to the Cobb-Douglas Production Function but thought better of.
it.  Alas, I did not eliminate all of the mathematics before posting.

Just ignore the last few lines.


Charles W. Upton
 Department of Economics
 Kent State University
 http://www.personal.kent.edu/~cupton 
>