Essentials of Economic Theory
E790039
Essentials of Economic Theory is a foundational economics text by John Bates Clark that systematically presents his marginal productivity theory of distribution and other core principles of neoclassical economics.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Essentials of Economic Theory canonical | 1 |
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
book
ⓘ
economics textbook ⓘ |
| academicDiscipline |
microeconomics
ⓘ
political economy ⓘ |
| associatedWith |
Clarkian economics
NERFINISHED
ⓘ
marginal productivity theory ⓘ |
| author | John Bates Clark NERFINISHED ⓘ |
| contributesTo |
development of neoclassical economics
ⓘ
formalization of marginal productivity theory ⓘ |
| countryOfOrigin |
United States of America
ⓘ
surface form:
United States
|
| covers |
distribution of national income
ⓘ
theory of interest ⓘ theory of rent ⓘ theory of value ⓘ theory of wages ⓘ |
| explains |
how income shares are determined by marginal productivity
ⓘ
relationship between capital and interest ⓘ role of competition in factor pricing ⓘ |
| focusesOn |
competition
ⓘ
economic distribution under competition ⓘ interest and capital ⓘ marginal productivity of capital ⓘ marginal productivity of labor ⓘ rent theory ⓘ theory of distribution ⓘ value and price theory ⓘ wage determination ⓘ |
| genre |
academic literature
ⓘ
non-fiction ⓘ |
| hasPerspective |
individualistic analysis of income distribution
ⓘ
pro-market ⓘ |
| historicalContext | rise of neoclassical economics in the United States ⓘ |
| historicalPeriodDiscussed | late 19th century economics ⓘ |
| influenced | subsequent neoclassical distribution theory ⓘ |
| influencedBy |
classical political economy
ⓘ
marginalist revolution in economics ⓘ |
| intendedAudience |
academic economists
ⓘ
students of economics ⓘ |
| language | English ⓘ |
| mainSubject |
economics
ⓘ
marginal productivity theory of distribution ⓘ neoclassical economics ⓘ |
| publicationEra | early 20th century ⓘ |
| relatedTo |
John Bates Clark’s marginal productivity theory
ⓘ
The Distribution of Wealth NERFINISHED ⓘ |
| theoreticalFramework |
marginalism
ⓘ
neoclassical distribution theory ⓘ |
| usedIn | university economics curricula ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.