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John Maurice CLARK

economist

John Maurice CLARK, economist. President, F. A. Walker Medal, American Economic Association, 1922, 1952.

Background

CLARK, John Maurice was born in 1884.

Education

Bachelor of Arts Amherst College, 1905. Master of Arts, Doctor of Philosophy Columbia University, 1906,1910.

Career

Son of John Bates Clark and his successor in the search for an understanding of the dynamic elements in economics. Despite his thorough acquaintance with the techniques of abstract analysis, he chose to express his arguments in purely verbal terms. His interests ranged widely within economics and he published on the business cycle (inventing the acceleration principle), economic costs of war, public works, the labour market and many other topics.

The chief problem to which he addressed himself was the implications of competition on welfare and public policy. He considered perfect competition both theoretically and practically unattainable and sought to distinguish it from a realistic concept of ‘workable competition’. Association Professor of Economics, Amherst, Massachusetts, 1910-1915.

Professor, University Chicago, 1915-1926. Professor of Economics, Columbia University, 1926-1957.

Achievements

  • President, F. A. Walker Medal, American Economic Association, 1922, 1952.

Works