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Subject:
HES: QUERY -- origin of elasticity
From:
[log in to unmask] (Prof.Warren Young)
Date:
Fri Mar 31 17:18:34 2006
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----------------- HES POSTING ----------------- 
 
Whewell, in his 1829 and 1831 papers gave mathematical formulae for 
the elasticity of demand, Gregory King gave an estimate in 1696 regarding 
wheat prices, and Lauderdale also wrote about elasticity in 1804. Cournot 
also wrote about it in 1838, as did Dupuit and de Quincy in 1844. It was 
named by R.S. Moffatt in 1878 in his book Economy of Consumption . All the 
above comes from D.H. Macgregor's seminal essay "Marshall and his Book", 
Economica, Nov. 1942, pp. 314-315. 
 
Warren Young 
 
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