Quote of the day
Recurrence is sure. What the mind suffered last week, or last year, it does not suffer now; but it will suffer again next week or next year. Happiness is not a matter of events; it depends upon the tides of the mind.
John Bates Clark
Born: January 26, 1847
Died: March 21, 1938 (aged 91)
Bio: John Bates Clark was an American neoclassical economist. He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spent most of his career as professor at Columbia University.
Known for:
- The Philosophy Of Wealth (1886)
- Social justice without socialism (1914)
- Capital and Its Earnings (1888)
- The control of trusts (1901)
- The problem of monopoly