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From the Back Cover
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 we take it for granted today, Clark lays out his Marginal Productivity Theory of Distribution, a rebuttal to Marx and an apologetic for capitalism. Insisting that in a competitive market economy, all work is fully and fairly recompensed and all labor and capital are, in a very real sense, equal components, Clark shattered then widely held theories of economics with his groundbreaking thesis. And his work continues to influence the global financial situation today.
About the Author
American economist JOHN BATES CLARK (1847-1938), who also wrote the significant The Philosophy of Wealth (1885), was professor of political economy at Columbia University and one of the founders of the American Economic Association. The prestigious John Bates Clark Medal for economic thought is named for him.
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The Distribution of Wealth: A Theory of Wages, Interest and Profits
Print on DemandSeller: Forgotten Books, London, United Kingdom
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Paperback. Condition: New. Print on Demand. This book offers a comprehensive analysis of the distribution of wealth, delving into how income is divided among various societal agents. The author challenges the prevailing view that this distribution is governed by random market forces and posits that it is, in fact, subject to a natural law. This law, he argues, dictates that each contributor to the production process receives a share commensurate with their individual contribution. The book situates this theory within the broader context of economic history and theory, exploring its implications for issues such as wages, interest rates, and profits. It sheds light on the dynamic relationship between production and distribution, revealing how the organization of industry and the nature of productive activity shape the allocation of wealth. The author's insights provide a deeper understanding of the fundamental principles governing the distribution of wealth, offering a valuable resource for economists, policymakers, and anyone interested in the complexities of economic systems. By illuminating the natural laws that govern this process, the book lays the groundwork for a more just and equitable distribution of societal resources. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781440097829_0
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The Distribution of Wealth
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PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781440097829
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The Distribution of Wealth
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DISTRIBUTION OF WEALTH
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Condition: New. KlappentextrnrnExcerpt from The Distribution of Wealth: A Theory of Wages, Interest and ProfitsrnrnIt was the claim advanced by Mr. Henry George, that wages are fixed by the product which a man can create by tilling rentless land, that first led. Seller Inventory # 2148539001
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