John Clark

American economist and thinker

John Bates Clark, a famous American economist, was born on January 26, 1847, in Providence, Rhode Island. He studied economics in Zurich and Heidelberg in the 1870s, under the guidance of renowned economists.

Early Years and Ideological Transformation

Initially critical of capitalism, Clark later changed his views and supported free competition. He contributed to economic theory, especially the theory of marginal utility.

Shift in Ideology

In 1886, Clark’s perspective shifted towards supporting the competitive system, potentially influenced by real-world events like the Haymarket Riot.

Legacy and Influence

Continuing to develop his economic theories, Clark left a lasting impact on the field. His son also followed in his footsteps to become a notable economist.

John Clark passed away on March 21, 1938, leaving behind a rich legacy in economic thought.