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The limit is not as narrow as it might be. I do not claim for this action, as it now goes on, an ideal degree of efficiency. What I do claim is that this type of competition already reveals its nature and its ultimate power to hold seeming monopolies in check.


John Bates Clark


#already #check #claim #competition #degree



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In the brief preface is expressed the hope that 'it may be found that these principles settle questions of agrarian socialism. … Though the process was savage the outlook which it afforded was not wholly evil.

John Bates Clark (January 26 1847 – March 21 1938) was an American neoclassical economist.

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