Ask the Chatbot Games & Quizzes History & Society Science & Tech Biographies Animals & Nature Geography & Travel Arts & Culture ProCon Money Videos
Studies in the Economics of Overhead Costs
References
Britannica AI Icon

Studies in the Economics of Overhead Costs

work by Clark
Written by
The Information Architects of Encyclopaedia Britannica

The Information Architects maintain a master list of the topics included in the corpus of  EncyclopƦdia Britannica, and create and manage the relationships between them.
The Information Architects of Encyclopaedia Britannica
Last updated

Quick Summary

John Maurice Clark's Studies in the Economics of Overhead Costs (1923) introduced the acceleration principle. This economic theory suggests that fluctuations in consumer demand can lead to severe swings in investment demand, particularly when existing productive capacity is fully utilized. Clark's work also explored variations in consumer demand as a source of overall demand fluctuations, touching on themes later developed by John Maynard Keynes. Clark, an American economist, is also known for his contributions to industrial economics and competition, including the concept of workable competition. His father, John Bates Clark, was also a prominent economist, known for his theory of marginal productivity.12

Summary created from Britannica articles using AI. AI can make mistakes, so verify using Britannica articles.
3 Britannica Sources
  1. John Maurice Clark
  2. accounting - Cost finding
  3. John Bates Clark

Ask Britannica AI about this topic

Britannica doesn't have a full article on this topic, so we've curated a list of our relevant coverage.