Titlebook: John Bates Clark; The Making of a Neoc John F. Henry Book 1995 John F. Henry 1995 distribution.economics.science and technology.trust

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Clark after Haymarket,tion. Second, Clark’s general theoretical perspective takes on a more conservative slant; it is increasingly less critical of prevailing arrangements and no longer promotes his supposedly ‘socialist’ solution to the problems then facing the United States economic order.

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On Trusts, Organized Labor and Other Matters,, oligopolistic structures existed in a number of important industries. (See DuBoff, 1989, chs. 4–5, for a summary position.) It was the age of the ‘trusts’, ‘pools’, ‘gentlemen’s agreements’ the ‘Robber Barons’.

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2946-8353 Henry demonstrates that the usual interpretations of Clark are flawed, and that Clark set out to develop a theory of distribution that would support then current political authority and property relationships. Contrary to the normal view, it is shown that there is less of a difference between Clark‘

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The Distribution of Wealth,889), while ‘Distribution as Determined by a Law of Rent’ (1891) and ‘A Universal Law of Economic Variation’ (1894) comprise the essence of Chapters 12 through 14. Indeed, some of the content is traceable to . period: Chapter 20 is a re-worked version of Chapters 7 and 8 of that work, and these were derived from articles written in 1883.

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Clark, the Professionalization Process and the War Essays,ma in the context of this work, a cursory examination must be undertaken to allow the reader a sufficient basis from which to understand Clark’s actions and the relationship between them and his general theoretical outlook.

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https://doi.org/10.1007/978-1-349-13145-7distribution; economics; science and technology; trust

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Conclusion,In attempting to comprehend the unfolding of Clark’s . theory, it is important to understand that there is a continuum between his early, . stage of development and his mature period. Rather than a sharp break in his outlook, there is the ripening and consolidation of ideas first formed in the pre-1886 years.