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John Bates Clark
Title: John Bates Clark
Category: Business & Economy / Economics
Details: Words: 468 | Pages: 2.0 (approximately 235 words/page)
John Bates Clark
John Bates Clark was an American economist who lived from 1847-1938. He played an important role in the development of marginal productivity, and had a great influence on the development of economic thought in the United States. Clark was educated at Amherst College and at the University of Heidelberg in Germany. He taught at Carlton College in Northfield, Minnesota from 1875 to 1881. He then moved on to teach at Smith College, Amherst, Johns Hopkins and Columbia from …showed first 75 words of 468 total…
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…showed last 75 words of 468 total…father, but his work is remembered as being quite different from, and in some ways even contradictory to, his father's.
Critics believe that John Bates Clark's ideas were somewhat incomplete because they showed the ideal economy and not the real world of imperfect markets and factors of production. Clark's ideas have aided in the explanation of human economic behavior, and many economists today share his views on marginal analysis and the increased standard of living.
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