The Modern Distributive Process: Studies of Competition and Its Limits, of the Nature and Amount of Profits, and of the Determination of Wages, in the Industrial Society of Today (1888)

The Modern Distributive Process: Studies Of Competition And Its Limits, Of The Nature And Amount Of Profits, And Of The Determination Of Wages, In The Industrial Society Of Today (1888) is a book written by John Bates Clark. In this book, Clark provides a comprehensive analysis of the modern distributive process in the industrial society of the late 19th century. He examines the nature and limits of competition, the amount and nature of profits, and the determination of wages in the contemporary economy. Clark argues that the distribution of income is determined by the productivity of labor and capital, and that competition is essential for the efficient allocation of resources. He also explores the role of technology, innovation, and entrepreneurship in the modern economy. The book is considered a seminal work in the field of economics and is still relevant today. It is recommended for anyone interested in the history of economic thought, industrial society, and the modern economy.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.