John Bates Clark , American economist
said about Power, Labor, Productivity, Wages...
"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 Read all John Bates Clark quotes, or find out more about John Bates Clark
"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