John Bates Clark Quotes

A collection of quotes by John Bates Clark.

John Bates Clark was an influential American economist born on January 26, 1847, in Providence, Rhode Island. He is widely regarded as one of the most significant economists of his time and a prominent figure in the development of neoclassical economics.

Clark completed his undergraduate studies at Amherst College and went on to pursue a Ph.D. in economics from the University of Heidelberg in Germany. Upon his return to the United States, he began teaching economics at Columbia University and remained there for the rest of his academic career.

Throughout his career, Clark focused on the theories of economic growth, income distribution, and the relationship between productive resources and their rewards. He played a crucial role in popularizing marginal productivity theory and contributed to the development of the theory of factor pricing.

Clark was known for his extensive research and the clarity of his writing, which made his ideas accessible to a wide audience. His most famous work, "The Distribution of Wealth: A Theory of Wages, Interest, and Profits," published in 1899, solidified his reputation as one of the leading economists of the time.

John Bates Clark's contributions to economics earned him numerous accolades, including being named the first president of the American Economic Association in 1885. He passed away on March 21, 1938, leaving behind a lasting legacy in the field of economics.