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The Distribution Of Wealth A Theory Of Wages Interest And Profit

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The Distribution Of Wealth

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Author : John Bates Clark
language : en
Publisher: Cosimo, Inc.
Release Date : 2005-09-01

The Distribution Of Wealth written by John Bates Clark and has been published by Cosimo, Inc. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-09-01 with Business & Economics categories.

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 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. 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.

The Distribution Of Wealth A Theory Of Wages Interest And Profit

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Author : John Bates Clark
language : en
Publisher: Legare Street Press
Release Date : 2023-07-18

The Distribution Of Wealth A Theory Of Wages Interest And Profit written by John Bates Clark and has been published by Legare Street Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-07-18 with categories.

In this classic work, Clark presents his theory of marginal productivity, which explains how the value of goods is determined, and how wages, profits, and interest rates are established in a market economy. Written in clear, accessible language, this book remains a foundational text in economics over 100 years after its initial publication. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.

The Distribution Of Wealth

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Author : John Bates Clark
language : en
Publisher: Forgotten Books
Release Date : 2015-06-25

The Distribution Of Wealth written by John Bates Clark and has been published by Forgotten Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-25 with Business & Economics categories.

Excerpt from The Distribution of Wealth: A Theory of Wages, Interest and Profits It is the purpose of this work to show that the distribution of the income of society is controlled by a natural law, and that this law, if it worked without friction, would give to every agent of production the amount of wealth which that agent creates. However wages may be adjusted by bargains freely made between individual men, the rates of pay that result from such transactions tend, it is here claimed, to equal that part of the product of industry which is traceable to the labor itself; and however interest may be adjusted by similarly free bargaining, it naturally tends to equal the fractional product that is separately traceable to capital. At the point in the economic system where titles to property originate, - where labor and capital come into possession of the amounts that the state afterwards treats as their own, - the social procedure is true to the principle on which the right of property rests. So far as it is not obstructed, it assigns to every one what he has specifically produced. In a series of articles and monographs, published at intervals since 1881, I have endeavored to formulate the parts of this theory relating severally to value, capital, wages, interest, rent and profits. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

The Distribution Of Wealth

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Author : John Bates Clark
language : en
Publisher:
Release Date : 1914

The Distribution Of Wealth written by John Bates Clark and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1914 with categories.

Distribution Of Wealth

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Author : JOHN BATES. CLARK
language : en
Publisher:
Release Date : 2018

Distribution Of Wealth written by JOHN BATES. CLARK and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.

Distribution Of Wealth

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Author : John Bates Clark
language : en
Publisher:
Release Date : 1923

Distribution Of Wealth written by John Bates Clark and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1923 with Wealth categories.

The Distribution Of Wealth

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Author : John Bates Clark
language : en
Publisher: Nabu Press
Release Date : 2014-03-13

The Distribution Of Wealth written by John Bates Clark and has been published by Nabu Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-03-13 with categories.

This is a reproduction of a book published before 1923. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as part of our continuing commitment to the preservation of printed works worldwide. We appreciate your understanding of the imperfections in the preservation process, and hope you enjoy this valuable book.

The Distribution Of Wealth

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Author : John Bates Clark
language : en
Publisher: Scholar's Choice
Release Date : 2015-02-08

The Distribution Of Wealth written by John Bates Clark and has been published by Scholar's Choice this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-08 with categories.

This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work.As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.