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John Bates Clark
This study details J. B. Clark's theoretical development, focusing on the rise of his marginal productivity theory of distribution, and demonstrates that Clark's work was prompted and promoted by the changing economic and social conditions of the period. It is shown that the writings of Clark's early 'Christian Socialist' period, are not as distinct from his mature period as is usually argued. In fact, Clark's religious beliefs are demonstrated to be significant in the understanding of the intellectual process through which he reached his mature stage of theoretical development. Throughout this work, Clark's political perspective and his understanding of the threats to established authority are brought to bear on the argument as to what Clark himself thought he was accomplishing in setting forth his version of the productivity theory: Clark believed that theory should never be developed independently of existing authority and property relations. Rather, he believed that economic theory should be designed to uphold the sanctity of both authority and property.
John Bates Clark
In this fresh study of the career and theoretical work of John Bates Clark, the first American economist to achieve international standing, Henry demonstrates that the usual interpretations of Clark are flawed, and that Clark set out to develop a theory of distribution that would support then current political authority and property relationships. Contrary to the normal view, it is shown that there is less of a difference between Clark's early 'Christian Socialist' writings and the writings of his mature period, and that perceptions and concerns formulated in his early career carry over into his more theoretically advanced stage. Also, Clark's religious perceptions are shown to have influenced not only his early thoughts, but those contained in the writings of the later period that brought him to the attention of economists in England and the Continent. Throughout this book, Henry demonstrates the relationship between Clark's theoretical work and the larger social forces then at work which both promoted and constrained his thinking and his economics.
Economic Essays
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Economic Essays
Excerpt from Economic Essays: Contributed in Honor of John Bates Clark More notable than these factors was the-return to the United States in the early eighties of a remarkable company of young scholars from post-graduate study in German universities. Their arrival and activity effected a virtual renascence in American economic thought. With others trained in this country lodgment was found in leading universities; student bodies gathered, and productive scholarship developed. The dominant characteristics Of the group were an avowal Of the historical inductive method, and an electlon In the main of concrete problems for inquiry. At Harvard, Taussig traced the growth and influence of America...
The Distribution of Wealth
What would be the rate of wages, if labor and capital were to remain fixed in quantity, if improvements in the mode of production were to stop, if the consolidating of capital were to cease and if the wants of consumers were never to alter? The question assumes, of course, that industry shall go on, and that, notwithstanding a paralysis of the forces of progress, wealth shall continue to be created under the influence of a perfectly unobstructed competition. -from the Preface John Bates Clark was the first American economist with an international reputation-this revolutionary 1899 work is what brought him that distinction. In clear, lucid language that makes his economic philosophy so plain ...
Essentials of Economic Theory
Dive into the fundamental principles of economics with "Essentials of Economic Theory" by John Bates Clark, a comprehensive guide that offers readers a clear and concise understanding of key economic concepts and theories. Join Clark as he navigates through the complexities of economic theory, providing readers with a solid foundation in the principles that govern the production, distribution, and consumption of goods and services. Through accessible language and real-world examples, Clark demystifies economic concepts and empowers readers to make informed decisions in their personal and professional lives. As readers delve into the pages of "Essentials of Economic Theory," they'll encounter...
