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CLARK, JOHN BATES

1847–1938, American economist, b. Providence, R.I. He studied economics in the U.S. and Germany, and taught at Columbia Univ. and several other colleges in the United States. In 1885 he helped found the American Economic Association, serving as its president (1893–95). Clark's best-known work, The Distribution of Wealth (1899), outlined his theory of marginal productivity, based on an ideal of competitive equilibrium without dynamic change. By the breadth of his work and contributions to economics, Clark became the first American economist to achieve international distinction.

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The Columbia Encyclopedia, Sixth Edition Copyright© 2004, Columbia University Press. Licensed from Lernout & Hauspie Speech Products N.V. All rights reserved.

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Publication Information: Encyclopedia Article Title: Clark, John Bates. Encyclopedia Title: The Columbia Encyclopedia, Sixth Edition. Publisher: Columbia University Press. Place of Publication: New York. Publication Year: 2004.
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