Titlebook: John Bates Clark; The Making of a Neoc John F. Henry Book 1995 John F. Henry 1995 distribution.economics.science and technology.trust

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,John Bates Clark: A Life, 1847–1938,Puritan environment in Providence, Rhode Island. Within its Congregationalist household the family maintained a strict religious regimen that included daily prayer and a scrupulous observance of the sabbath, but there was more to such an environment than this: Equal emphasis was placed on intellectu

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,The ‘Christian Socialist’ Period, 1877–1886,lly, both the early, ‘Christian Socialist’ Clark and the mature, neoclassical Clark were a product of and a response to an intense period of conflict in which prevailing institutions were undergoing substantial change and social authority was losing its hold over the underlying population.

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Clark after Haymarket, on divine law, this position eventually disappearing from the discussion altogether;. now science, particularly that of Darwin, takes a dominant position. Second, Clark’s general theoretical perspective takes on a more conservative slant; it is increasingly less critical of prevailing arrangements

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The March to , is most famous — the marginal productivity theory of distribution. While one can trace the germ of this concept to his 1877 ‘The New Philosophy of Wealth’, it is not until the 1890 ‘The Law of Wages and Interest’ that we see a complete statement of the principle lying behind the theory.

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The Distribution of Wealth,with Clark’s entry into the top rank of economists of the time is largely a restatement of his argument as developed over the previous decade. Chapters 7 through 10 (the heart of the work) are drawn directly from his ‘Capital and Its Earnings’ (1888) and ‘Possibility of a Scientific Law of Wages’ (1

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Clark, the Professionalization Process and the War Essays,lectual authority. We are here concerned only with the course of this development in the United States, Clark’s role in this development, and the ideological thrust represented by economists of Clark’s persuasion. While it is impossible (and improper) to tell the complete story of this unfolding dra

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