The Distribution of Wealth
E790037
The Distribution of Wealth is an influential 1899 economics book by John Bates Clark that helped establish marginal productivity theory and shaped early neoclassical views on income distribution.
All labels observed (1)
| Label | Occurrences |
|---|---|
| The Distribution of Wealth canonical | 1 |
Statements (44)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economics book ⓘ |
| addresses |
distribution between labor and capital
ⓘ
functional distribution of income ⓘ |
| argues | that competitive markets yield a just distribution of income under certain conditions ⓘ |
| associatedWithSchool | American neoclassical economics ⓘ |
| author | John Bates Clark NERFINISHED ⓘ |
| bibliographicCategory |
19th-century non-fiction book
ⓘ
economics classic ⓘ |
| contributedTo | development of marginal productivity theory ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| fieldOfStudy |
economics
ⓘ
political economy ⓘ |
| genre | economic theory ⓘ |
| hasImpactOn |
theory of capital
ⓘ
theory of interest ⓘ theory of wages ⓘ |
| hasLegacy | standard reference for marginal productivity theory in textbooks ⓘ |
| hasPart |
analysis of marginal productivity of capital
ⓘ
analysis of marginal productivity of labor ⓘ discussion of competition and distribution ⓘ treatment of capital as a homogeneous fund ⓘ |
| hasReception | widely cited in early 20th-century economics literature ⓘ |
| historicalContext | late 19th-century industrial capitalism in the United States ⓘ |
| influenced |
20th-century distribution theory
ⓘ
debates on economic justice ⓘ early neoclassical views on income distribution ⓘ |
| isConsidered | a classic of neoclassical distribution theory ⓘ |
| language | English ⓘ |
| mainSubject |
income distribution
ⓘ
marginal productivity theory ⓘ neoclassical economics ⓘ |
| proposes | that each factor of production is paid its marginal product ⓘ |
| publicationYear | 1899 ⓘ |
| publisher | Macmillan NERFINISHED ⓘ |
| relatedConcept |
competitive markets
ⓘ
economic justice ⓘ functional distribution ⓘ marginal productivity of capital ⓘ marginal productivity of labor ⓘ |
| relatedWork | Essentials of Economic Theory NERFINISHED ⓘ |
| theoreticalFramework |
competitive equilibrium
ⓘ
marginalism ⓘ |
| timePeriodDescribed | 19th century ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.