John Bates Clark

fundament Bates Clark John Bates Clark John Bates Clark was an American economist who lived from 1847-1938. He played an important role in the development of bare(a) productivity, and had a great influence on the development of economical model 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(prenominal) moved on to teach at smith College, Amherst, Johns Hopkins and capital of South Carolina from which he retired in 1923.

In formulating the Neoclassical conject ure of the firm, John Bates Clark took over the classical categories of land, labor, and capital and simplified them in dickens ways, this simplification was the theory of borderline productivity. First, he false that either labor is homogenous, which meant that one labor hour is a sinless substitute for any other labor hour, still when marginal productivity was decreasing, the industry found it more profit...If you fatality to give out a full essay, order it on our website: BestEssayCheap.com

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