Henry George and John Bates Clark Collection (Illustrated) by Henry George

Henry George and John Bates Clark Collection (Illustrated)

byHenry George

Kobo ebook | August 30, 2014

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The book has an active table of contents for readers to access each chapter of the following titles:

1. Progress and Poverty – Henry George

2. Our Land and Land Policy – Henry George

3. The Distribution of Wealth – John Bates Clark

4. The Philosophy of Wealth – John Bates Clark

5. Distribution as Determined by a Law of Rent – John Bates Clark

The book contains the important works about the thoughts of rent and marginal productivity theory of income distribution by Henry George and John Bates Clark, two of the greatest American economists. The works were widely acclaimed and they were widely used by students of studying interest.

Henry George is best known for his Progress and Poverty that Albert Einstein designated George a "beautiful combination of intellectual keenness, artistic forum, and fervent love of justice".

As one of the great American economists, Henry George’s economic thoughts are still relevant to American economic life, especially in building and evolving American economic foundation to knowledge based industries.

Economists usually thought that John Bates Clark based his formulation of the marginal productivity theory of income distribution on a generalization of Ricardo's theory of rent.  However, John Bates Clark attributed his conception of the marginal product of labor to George's theory of rent.

John Clark influences on economic theory are in the following fields:

1) The marginalist revolution in the United States
2) The economic relationships between distribution of income and production
3) The static and dynamic laws on economic equilibrium
4) The competition of an economic system
5) The antitrust policy on competition
6) The economic motivation by self-centered desire and the interests of society as a whole in their economic decision making
7) The war on economics

Named after his name, The John Bates Clark Medal is considered one of the two most prestigious awards in the field of economics, along with Nobel Prize for economics. Approximately 11 of the first 17 awardees (approximately 65%) went on to win the Nobel Prize Award for economics.

This is a must read book for the readers who are interested in economic rent and marginal productivity theory of income distribution.

Title:Henry George and John Bates Clark Collection (Illustrated)Format:Kobo ebookPublished:August 30, 2014Publisher:AS TeamLanguage:English

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