| 000 | 01871cam a2200265zu 4500 | ||
|---|---|---|---|
| 001 | 88826190 | ||
| 003 | FRCYB88826190 | ||
| 005 | 20250106111318.0 | ||
| 006 | m o d | ||
| 007 | cr un | ||
| 008 | 250106s1899 fr | o|||||0|0|||eng d | ||
| 035 | _aFRCYB88826190 | ||
| 040 |
_aFR-PaCSA _ben _c _erda |
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| 100 | 1 | _aClark, John Bates | |
| 245 | 0 | 1 |
_aThe Distribution of Wealth _bA Theory of Wages, Interest and Profits _c['Clark, John Bates'] |
| 264 | 1 |
_bOnline Library of Liberty _c1899 |
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| 300 | _a p. | ||
| 336 |
_btxt _2rdacontent |
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| 337 |
_bc _2rdamdedia |
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| 338 |
_bc _2rdacarrier |
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| 650 | 0 | _a | |
| 700 | 0 | _aClark, John Bates | |
| 856 | 4 | 0 |
_2Cyberlibris _uhttps://international.scholarvox.com/netsen/book/88826190 _qtext/html _a |
| 520 | _aThis 1908 edition is the third reprinting of Clark’s path-breaking, yet widely under-read, 1899 textbook, in which he developed marginal productivity theory and used it to explore the way income is distributed between wages, interest, and rents in a market economy. In this book Clark made the theory of marginal productivity clear enough that we take it for granted today. Yet, even today, the power of his methodical development of what seems obvious at first glance clarifies and demolishes inaccurate theories that linger on. His work remains illuminating because of its classic explanations of the mobility of capital via its recreation while it wears out, the difference between static and dynamic models, the equivalence of rent and interest, the inability of entrepreneurs to "exploit" (meaning, underpay) labor (or capital) in a competitive market economy, the flaws of widely-quoted existing theories such as the labor theory of value and the irrelevance of rent on land, and, in a famous footnote, why von Thünen’s concept of final productivity didn’t go far enough. | ||
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_c2438 _d2438 |
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