Routledge Dictionary of Economics, Second Edition
Clark, John Bates, 1847–1938 (B3)
US economist famous for the theory of MARGINAL PRODUCTIVITY. He was educated at Brown University, Amherst College and the University of Heidelberg.
For most of his academic career, from 1895 to 1923, he was a professor at Columbia University His major achievement, in Distribution of Wealth (1899), was to expand MARGINALISM into the concept of marginal productivity in order to tackle problems of production and distribution. In Philosophy of Wealth (1885) he used CLASSICAL ECONOMICS as the foundation of his own economic theory; in Capital and its Earnings (1888) he became one of the founders of modern capital theory
References
Clark, A.H. and Clark, J.M. (1938) John Bates Clark: A Memorial, New York: Columbia University Press.
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