"When we say that the persistence of competition is ensured by fate, we mean that individual freedom is so guaranteed. The one thing to which fate binds us is liberty."
John Bates ClarkTiny Panda Quotes
Quotes by John Bates Clark
John Bates Clark (1847-1938) was a pioneering American economist whose influential ideas laid the groundwork for modern economic thought. Born in Massachusetts, he significantly contributed to the theory of marginal utility and was a key figure in the development of welfare economics. Clark's work emphasized the importance of individual choice and the role of competition in promoting economic well-being. As a professor at Columbia University and a founding member of the American Economic Association, his legacy endures, inspiring generations of economists to explore the complexities of human behavior in economic contexts.
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