John Bates Clark's Transformation

John Henry

Journal of the History of Economic Thought, 1994, vol. 16, issue 1, 106-125

Abstract: The standard view on John Bates Clark is that his The Philosophy of Wealth (hereafter Philosophy) written in 1886, was simply a reproduction of articles originally appearing in The New Englander (hereafter TNE), the journal that eventually evolved into The Yale Review. This view also holds that Philosophy represents Clark's so-called (Christian) socialist period that he abandoned sometime after 1886, and that he then began the process of development that resulted in his marginal productivity theory of distribution and a more generally conservative or precapitalist position.

Date: 1994
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