“The welfare of the laboring classes depends on whether they get much or little; but their attitude toward other classes depends chiefly on the question, whether the amount that they get is what they produce.”

About John Bates Clark

Economist • American

John Bates Clark was a prominent American neoclassical economist who made significant contributions to the field at the turn of the 20th century. He is best known for his marginal productivity theory of distribution,...