John Bates Clark

This study details J. B. Clark's theoretical development, focusing on the rise of his marginal productivity theory of distribution, and demonstrates that Clark's work was prompted and promoted by the changing economic and social conditions of the period. It is shown that the writings of Clark's early 'Christian Socialist' period, are not as distinct from his mature period as is usually argued. In fact, Clark's religious beliefs are demonstrated to be significant in the understanding of the intellectual process through which he reached his mature stage of theoretical development. Throughout…