The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system.
John Bates ClarkAbout author
- Author's profession: Economist
- Nationality: american
- Born: January 26, 1847
- Died: March 21, 1938
Related Authors
Topics
Quotes currently Trending
A couple days ago, I saw a lot of people tweeting, "Oh, it's so cool 'Home' is being used in the Olympics!" We don't really get to watch much TV, man, with the concerts every night, but I wish I could have seen it. I really just found out through Twitter and my management texting me. I thought it was really awesome.
Phillip Phillips
Be careful what you water your dreams with. Water them with worry and fear and you will produce weeds that choke the life from your dream. Water them with optimism and solutions and you will cultivate success. Always be on the lookout for ways to turn a problem into an opportunity for success. Always be on the lookout for ways to nurture your dream.
Lao Tzu