Famous quote by John Bates Clark

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The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of soc

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"The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system"

- John Bates Clark

Power

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This quote is written / told by John Bates Clark between January 26, 1847 and March 21, 1938. He/she was a famous Economist from USA. The author also have 12 other quotes.

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