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Clark, J. B (1847.1.27-1938.3.21)

Birthplace Providence, Rhode Island, USA.
Posts Held Prof., Smith Coll., 1881-93, Amherst Coll., 1893-5, Columbia Univ., 1895-1923.
Degree BA Amherst Coll., 1872.
Offices and Honours Founder, Pres., American Economic Association, 1888; Head, Econ. and Hist. Div., Carnegie Endowment Internat. Peace, 1911-23.
Publications Books: 1. The Philosophy of Wealth (1886); 2. The Distribution of Wealth (1899, 1902); 3. Essentials of Economic Theory (1907); 4. Social Justice without Socialism (1914).
Career His earlier articles show the influence of his German academic socialist teachers and show him as a critic of capitalism. His Philosophy ... was a reworking of these articles. At Columbia his intellectual position gradually shifted towards wholehearted support for capitalism. His Distribution ... again reworked previously published materials into treatise form and contains the marginal productivity theory of distribution, which he developed in response to certain writings of Henry George. It also contained his theory of capital, in which capital goods are distinguished from social capital, with the marginal productivity of social capital, not of specific capital goods, determining the role of interest. This involved him in lively controversy with various contemporaries, particularly Bhm-Bawerk. His later Essentials ... contained his attempt to move from what he considered the static analysis of his earlier work to a more dynamic model.
Secondary Literature A. H. Clark and J. M. Clark, John Bates Clark: A Memorial (Columbia Univ. Press, 1938); G. J. Stigler, Production and Distribution Theories (Macmillan, 1941); J. M. Clark, `Clark, John Bates', International Encyclopedia of the Social Sciences , D. L. Sills (ed.) (Macmillan and Free Press, 1968), vol. 2.



Distribution as Determined by a Law of Rent (socsci.mcmaster.ca) Quarterly Journal of Economics, vol.5, 1890-91
Distribution as Determined by a Law of Rent (ecn.bris.ac.uk) Quarterly Journal of Economics, vol.5, 1890-91
Distribution as Determined by a Law of Rent (unimelb.edu.au) Quarterly Journal of Economics, vol.5, 1890-91
The Modern Appeal to Legal Forces in Economic Life (socsci.mcmaster.ca) Presidential Address at the Seventh Annual Meeting of the American Economic Association, Columbia College, December 26, 1894
The Modern Appeal to Legal Forces in Economic Life (ecn.bris.ac.uk) Presidential Address at the Seventh Annual Meeting of the American Economic Association, Columbia College, December 26, 1894
The Modern Appeal to Legal Forces in Economic Life (unimelb.edu.au) Presidential Address at the Seventh Annual Meeting of the American Economic Association, Columbia College, December 26, 1894
Real Issues Concerning Interest (socsci.mcmaster.ca) Quarterly Journal of Economics, volume 10, pp. 98-102
Real Issues Concerning Interest (ecn.bris.ac.uk) Quarterly Journal of Economics, volume 10, pp. 98-102
Real Issues Concerning Interest (unimelb.edu.au) Quarterly Journal of Economics, volume 10, pp. 98-102
The Origin of Interest (socsci.mcmaster.ca) Quarterly Journal of Economics, volume 10, pp. 257-278
The Origin of Interest (ecn.bris.ac.uk) Quarterly Journal of Economics, volume 10, pp. 257-278
The Origin of Interest (unimelb.edu.au) Quarterly Journal of Economics, volume 10, pp. 257-278


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Portraits of Well-known Economists (econ.duke.edu) Duke University, with Frank Albert Fetter


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