Definition
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.
John Bates Clark
What is ‘John Bates Clark’
An American Neoclassical economist renowned for his development of the marginal productivity theory of distribution. John Bates Clark is best known for his works on marginal utility, a revolutionary principal in economics.
Explaining ‘John Bates Clark’
Born in 1847 in Rhode Island, Clark was a graduate of Amherst College and taught at Columbia University for nearly 30 years. He was also a former president of the American Economic Association (AEA). Clark died in 1938. The John Bates Clark Medal is named in his honor. The John Bates Clark Medal is a prize awarded each year by the AEA to an economist working in the United States who is younger than 40 and who has contributed outstanding research to the field of economics.
Further Reading
- In honor of Matthew Rabin: winner of the John Bates Clark medal – www.aeaweb.org [PDF]
- In honor of Paul Krugman: winner of the John Bates Clark medal – www.aeaweb.org [PDF]
- Does the John Bates Clark Medal boost subsequent productivity and citation success? – papers.ssrn.com [PDF]
- In Honor of Sandy Grossman, Winner of the John Bates Clark Medal – www.aeaweb.org [PDF]
- When economics faces the economy: John Bates Clark and the 1914 antitrust legislation – www.tandfonline.com [PDF]
- In Honor of David Kreps, Winner of the John Bates Clark Medal – www.aeaweb.org [PDF]
- Steven D. Levitt: 2003 John Bates Clark Medalist – www.aeaweb.org [PDF]
