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John Bates Clark
Beginning of paper
was an American economist who lived from 1847-1938. He
played an important role in the development of marginal productivity, and had a
great influence on the development of economic thought in the United States.
Clark was educated at Amherst College and at the University of Heidelberg in
Germany. He taught at Carlton College in Northfield, Minn ....
Middle of paper
....results was a theory of the distribution which demonstrated that market outcomes
were just.
Clark also believed that technological change would lead to an increase
in the standard of living which he felt was one of the chief goals of any
economic system. He felt that with this technological change, labor would be
more productive and lead to highe.... |
| Word count: 455 |
Page count: 2 |
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