Elementary functions are finite sums, differences, products, quotients, compositions, and $n$th roots of constants, polynomials, exponentials, logarithms, trig functions, and all of their inverse functions.
The reason they are defined this way is because someone, somewhere thought they were useful. And other people believed him. Why, for example, don't we redefine the integers to include $1/2$? Is this any different than your question about $\mathrm{lax}$ (or rather $\operatorname{erf}(x)$)?
Convention is just that, and nothing more.