Chirinko, Robert S.; Mallick, Debdulal - In: Labour Economics 18 (2011) 5, pp. 708-711
The concept of the elasticity of substitution between capital and labor, introduced by John Hicks and Joan Robinson over 75Â years ago, has had important implications in labor economics and several areas of economic inquiry. In his The Theory of Wages (1932/1963), Hicks developed a formula...