The Modern Distributive Process. Studies of competition and its limits, of the nature and amount of profits, and of the determination of wages, in the industrial society of to-day.

First edition in book form of this important precursor to Clark's The Distribution of Wealth (1899), originally serialized in the Political Science Quarterly. "Reference should also be made to the important series of complementary articles by the author and F. H. Giddings on The Modern Distributive Process. These four 'studies of the process by which the income of modern society is divided among its principal claimants' lead to complementary conclusions which were established independently and before joint publication had been decided upon. Clark writes on 'The Limits of Competition' and on 'Profits under Modern Conditions', and Giddings on 'The Persistence of Competition' and on 'The Natural Rate of Wages'" (Batson). Batson, p. 70; IESS 1888. Octavo (232 x 145 mm). Original blue cloth, spine and front cover lettered in gilt. Occasional pencil markings to the text. Extremities rubbed, spine ends and corners lightly bumped, boards faintly marked, otherwise a bright, clean copy.