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John Bates Clark: the first American Marginalist and Social Economist

21 febbraio 2017, ore 14.15 - Aula seminari, ala ovest

Autore:  Luciano Messori (Unimore)

John Bates Clark’s fame comes mainly from his contribution to the marginalist theory of income distribution and its diffusion in the United States. His by far most known work is The Distribution of Wealth: A Theory of Wages, Interest and Profits, published in 1899, which shows how wealth distribution among factors of production in a static economy is proportional to their marginal productivity. The aim of this paper is to show that next to the marginalist Clark and beyond the neoclassical principles outlined in The Distribution of Wealth, there is an array of different Clark’s contributions to political economy displaying a certain originality and coherence and enrolling in a thematic environment that today would be broadly defined as social economy.

[Ultimo aggiornamento: 22/02/2017 15:05:10]