The Distribution of Wealth

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The Distribution of Wealth

work by Clark

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John Bates Clark
In The Distribution of Wealth (1899) Clark developed his distinctive utility theory. He held that commodities contain within them “bundles of utilities”; i.e., they represent varying qualitative degrees of utility. In this work he also developed his marginal productivity theory by first setting up a theoretical…
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In The Distribution of Wealth (1899) Clark developed his distinctive utility theory. He held that commodities contain within them “bundles of utilities”; i.e., they represent varying qualitative degrees of utility. In this work he also developed his marginal productivity theory by first setting up a theoretical…
Read More