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John Bates Clark Biography

John Bates Clark

John Bates Clark (January 26, 1847 – March 21, 1938) was an American neoclassical economist. He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spent most of his career as professor at Columbia University.

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John Bates Clark Quotes

We cannot afford to have any large section of the business world in doubt whether they have broken the laws or not, and we cannot let the laws become a dead letter through vagueness. In this view it is clear that an administrative commission can render invaluable service.

Administrative, Broken, Doubt, Law, Vagueness, Views

A laborer no longer makes whole articles. He receives raw materials, puts his touch on them, and passes them to another worker in the series. When the articles are quite finished they are carried out of sight by currents of commercial exchange. These currents are untraceable.

Articles, Currents, Raw Materials, Sight, Whole

Socialism appeals to better classes and has far more strength. Attack the state and you excite feelings of loyalty even among the disaffected classes; but attack the industrial system and appeal to the state, and you may have loyalty in your favor.

Class, Classes, Disaffected, Excite, Feelings, Loyalty

As the work progresses the careful reader will insert mental interrogation points here and there. He will find that his interest increases as the interrogation points become more frequent, and that it culminates where they are changed to marks of positive dissent. I venture to record the opinion that the value of the work reaches a maximum in a passage that is demonstrably incorrect.

Here And There, Marks, Passage, Positive, Progress, Venture

The first issue to be settled is whether socialism has a right to exist. Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question.

Hype, Issues, Philosophy, Power, Settled, Socialism

If the adjustment made by a court can be accepted or not, it will be refused whenever the men can gain more by continuing the strike, with whatever of violence that involves.

Court, Gains, Involves, Men, Strike, Violence

When we say that the persistence of competition is ensured by fate, we mean that individual freedom is so guaranteed. The one thing to which fate binds us is liberty.

Binds, Ensured, Fate, Mean, Persistence, Thing

If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins.

Begins, Fruits, Islands, Men, True, Would Be

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Israel Zolli

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John Monash

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Lillian Gish

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Beau Ryan

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Bobby Keys

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Joschka Fischer

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Steve Gaynor

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Mark Addy

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Jameer Nelson

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Jordana Spiro