Essentials of Economic Theory
John Bates Clark
John Bates Clark was an American economist who lived in the late 19th and early 20th centuries. He is considered one of the founders of the neoclassical school of economics and is best known for his work on marginal productivity theory.
One of Clark's most influential works is his book "The Essentials of Economic Theory" which was first published in 1907. The book provides an introduction to economic theory and covers a wide range of topics, including production, consumption, distribution, and exchange.
Clark's approach to economic theory was highly mathematical and he believed that economic analysis should be based on the principles of marginalism. He argued that the value of a good or service is determined by the marginal utility it provides to consumers and the marginal cost of producing it.
Clark also developed the theory of marginal productivity, which suggests that the value of a worker's contribution to the production process is equal to the marginal product of labor. This theory has been highly influential in the development of modern labor economics.
Overall, "The Essentials of Economic Theory" is an important work that has had a significant impact on the development of economic thought. Clark's emphasis on the principles of marginalism and his development of the theory of marginal productivity have helped to shape the way that economists think about markets and the role of individuals in the production process.
Duration - 14h 16m.
Author - John Bates Clark.
Narrator - Ethan Williams.
Published Date - Wednesday, 18 January 2023.
Copyright - © 2023 Loudly ©.
Location:
United States
Description:
John Bates Clark was an American economist who lived in the late 19th and early 20th centuries. He is considered one of the founders of the neoclassical school of economics and is best known for his work on marginal productivity theory. One of Clark's most influential works is his book "The Essentials of Economic Theory" which was first published in 1907. The book provides an introduction to economic theory and covers a wide range of topics, including production, consumption, distribution, and exchange. Clark's approach to economic theory was highly mathematical and he believed that economic analysis should be based on the principles of marginalism. He argued that the value of a good or service is determined by the marginal utility it provides to consumers and the marginal cost of producing it. Clark also developed the theory of marginal productivity, which suggests that the value of a worker's contribution to the production process is equal to the marginal product of labor. This theory has been highly influential in the development of modern labor economics. Overall, "The Essentials of Economic Theory" is an important work that has had a significant impact on the development of economic thought. Clark's emphasis on the principles of marginalism and his development of the theory of marginal productivity have helped to shape the way that economists think about markets and the role of individuals in the production process. Duration - 14h 16m. Author - John Bates Clark. Narrator - Ethan Williams. Published Date - Wednesday, 18 January 2023. Copyright - © 2023 Loudly ©.
Language:
English
Opening Credits
Duration:00:00:05
Chapter 1
Duration:00:30:45
Chapter 2
Duration:00:30:13
Chapter 3
Duration:00:30:56
Chapter 4
Duration:00:22:41
Chapter 5
Duration:00:28:51
Chapter 6
Duration:00:35:10
Chapter 7
Duration:00:19:42
Chapter 8
Duration:00:29:18
Chapter 9
Duration:00:19:20
Chapter 10
Duration:00:23:50
Chapter 11
Duration:00:31:06
Chapter 12
Duration:00:23:31
Chapter 13
Duration:00:28:38
Chapter 14
Duration:00:22:07
Chapter 15
Duration:00:17:50
Chapter 16
Duration:00:39:09
Chapter 17
Duration:00:29:39
Chapter 18
Duration:00:27:51
Chapter 19
Duration:00:26:23
Chapter 20
Duration:00:27:18
Chapter 21
Duration:00:20:17
Chapter 22
Duration:00:36:17
Chapter 23
Duration:00:30:29
Chapter 24
Duration:00:52:03
Chapter 25
Duration:00:28:41
Chapter 26
Duration:00:51:05
Chapter 27
Duration:00:21:41
Chapter 28
Duration:00:33:13
Chapter 29
Duration:00:27:32
Chapter 30
Duration:00:10:39
Closing Credits
Duration:00:00:05