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Cite as
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Full Title
HISTORY OF ECONOMIC THOUGHT AND POLICY
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Publisher
FrancoAngeli
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ISSN
2240-9971 (Printed Journal)
2280-188X (Online Journal)
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Journal Issue Number
2
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Journal Issue Designation
2
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Journal Issue Date (YYYY/MM)
2019/01
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Full Title
John Bates Clark: the first American marginalist as a social economist
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By (author)
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First Page
33
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Last Page
53
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Language of text
English
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Publication Date
2019/01
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Copyright
2018 FrancoAngeli srl
Introduction or preface
We analyze the content of four articles by John Bates Clark published between 1878 and 1887, during his Christian Socialist period in order to show that next to the marginalist Clark and beyond the neoclassical principles outlined in The Distribution of Wealth, the whole Clark's work is a strongly coherent body, deeply rooted in positions less extreme than the ones held by more reformer-minded economists like Richard T. Ely or John R. Commons containing an array of different contributions to political economy displaying a certain originality and coherence, and enrolling in a thematic environment that today would be broadly defined as social economy. In particular, the main ideas emerging from this selection of papers are his organismic idea of society, the role of moral forces in shaping economic activity, and his promotion of profit sharing and cooperation as better regimes for production and distribution with respect to competition.
Reference list of
10.3280/SPE2018-002002
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Clark J.B. (1878). How to Deal with Communism. The New Englander, 37, 145(July): 533-42.
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Clark J.B. (1879). The Nature and Progress of True Socialism. The New Englander, 38, 151(July): 565-81.
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Clark J.B. (1880). Spiritual Economics. The New Englander, 39, 156(May): 305-18.
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Clark J.B. (1881). The Philosophy of Value. The New Englander, 40, 161(July): 457-70.
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Clark J.B. (1886). Review of Richard T. Ely’s The Labor Movement in America. The New Englander and Yale Review, 9, 12(December): 1054-5.
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Clark J.B. (1887). Christianity and Modern Economics. The New Englander and Yale Review, 47, 208(July): 50-9.
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Clark J.B. (1913). The Minimum Wage. The Atlantic Monthly, 3, 112(September): 289-97.
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