“THE ONE THING TO WHICH FATE BINDS US IS LIBERTY”: First Edition of The Problem of Monopoly; Inscribed by Economist John Bates Clark
The Problem of Monopoly.
Item Number: 5060
New York: Columbia University Press, 1904.
First edition. Octavo, original burgundy cloth with gilt titles to the spine. Inscribed by John Bates Clark on the front free endpaper, “Mrs. Eva Perry Moore with the author’s regards.” In fine condition. Books signed by John Bates Clark are rare.
John Bates Clark was a leading pioneer of the marginal productivity theory of distribution which he developed in a series of articles from 1889-1891. Paul Samuelson's classic textbook, Economics, disseminated Clark's concept of capital worldwide, and it was Samuelson who was awarded the inaugural John Bates Clark medal given to estemed economists under the age of forty.