Essentials of Economic Theory
Written by John Bates Clark
Narrated by Ethan Williams
()
About this audiobook
John Bates Clark was an American economist who lived in the late 19th and early 20th centuries. He is considered one of the founders of the neoclassical school of economics and is best known for his work on marginal productivity theory.
One of Clark's most influential works is his book "The Essentials of Economic Theory" which was first published in 1907. The book provides an introduction to economic theory and covers a wide range of topics, including production, consumption, distribution, and exchange.
Clark's approach to economic theory was highly mathematical and he believed that economic analysis should be based on the principles of marginalism. He argued that the value of a good or service is determined by the marginal utility it provides to consumers and the marginal cost of producing it.
Clark also developed the theory of marginal productivity, which suggests that the value of a worker's contribution to the production process is equal to the marginal product of labor. This theory has been highly influential in the development of modern labor economics.
Overall, "The Essentials of Economic Theory" is an important work that has had a significant impact on the development of economic thought. Clark's emphasis on the principles of marginalism and his development of the theory of marginal productivity have helped to shape the way that economists think about markets and the role of individuals in the production process.
Related to Essentials of Economic Theory
Related audiobooks
The Principles of Political Economy, and Taxation Rating: 0 out of 5 stars0 ratingsPrinciples of Economics Rating: 0 out of 5 stars0 ratingsPolitical Economy Rating: 0 out of 5 stars0 ratingsPrinciples Of Political Economy Rating: 0 out of 5 stars0 ratingsThe Essential Joseph Schumpeter (Essential Scholars) Rating: 0 out of 5 stars0 ratingsMalthus and his work Rating: 0 out of 5 stars0 ratingsThe Theory of the Leisure Class Rating: 0 out of 5 stars0 ratingsThe Essential James Buchanan (Essential Scholars) Rating: 0 out of 5 stars0 ratingsThe Great Depression: The Causes of the 1930s Economic Crices, and the Consequences on Society and Culture Rating: 5 out of 5 stars5/5Simply Keynes Rating: 0 out of 5 stars0 ratingsFree Market: The History of an Idea Rating: 4 out of 5 stars4/5Supply Shock: Economic Growth at the Crossroads and the Steady State Solution Rating: 3 out of 5 stars3/5Economics 101: How the World Works Rating: 5 out of 5 stars5/5Global Economic Boom & Bust Cycles: The Great Depression of the 21st Century Rating: 0 out of 5 stars0 ratingsA Description of the Money Market Rating: 5 out of 5 stars5/5Summary of Principles for Dealing with the Changing World Order by Ray Dalio: Why Nations Succeed and Fail Rating: 0 out of 5 stars0 ratingsCommentaries on the Laws of England Rating: 0 out of 5 stars0 ratingsA Contribution to the Critique of Political Economy Rating: 0 out of 5 stars0 ratingsFiat Money Inflation in France Rating: 0 out of 5 stars0 ratingsRevolution: Revolutionary Moments in World History Rating: 0 out of 5 stars0 ratingsThe Theory of Moral Sentiments Rating: 0 out of 5 stars0 ratingsThe Progress Illusion: Reclaiming Our Future from the Fairytale of Economics Rating: 5 out of 5 stars5/5TWO REVOLUTIONS AND THE CONSTITUTION: How the English and American Revolutions Produced the American Constitution Rating: 0 out of 5 stars0 ratingsSocial Value Rating: 0 out of 5 stars0 ratingsSUMMARY - If Mayors Ruled The World: Dysfunctional Nations, Rising Cities By Benjamin R. Barber Rating: 0 out of 5 stars0 ratingsPolitical Economy Rating: 0 out of 5 stars0 ratingsApplied Economics Rating: 0 out of 5 stars0 ratingsThe Little Book of Economics: How the Economy Works in the Real World Rating: 5 out of 5 stars5/5
Economics For You
Economics 101: From Consumer Behavior to Competitive Markets—Everything You Need to Know About Economics Rating: 5 out of 5 stars5/5Freakonomics Rev Ed Rating: 4 out of 5 stars4/5Don't Trust Your Gut: Using Data to Get What You Really Want in Life Rating: 4 out of 5 stars4/5Why the Rich Are Getting Richer Rating: 5 out of 5 stars5/5Nothing Is True and Everything Is Possible: The Surreal Heart of the New Russia Rating: 4 out of 5 stars4/5Nudge: The Final Edition: Improving Decisions About Money, Health, And The Environment Rating: 4 out of 5 stars4/5Economics 101: How the World Works Rating: 5 out of 5 stars5/5Men Without Work: America's Invisible Crisis Rating: 4 out of 5 stars4/5How the World Works Rating: 4 out of 5 stars4/5Chip War: The Quest to Dominate the World's Most Critical Technology Rating: 5 out of 5 stars5/5Think Like a Freak: The Authors of Freakonomics Offer to Retrain Your Brain Rating: 4 out of 5 stars4/5This Changes Everything: Capitalism vs. The Climate Rating: 4 out of 5 stars4/5Killing Sacred Cows: Overcoming the Financial Myths that are Destroying Your Prosperity Rating: 5 out of 5 stars5/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Marvel Comics: The Untold Story Rating: 4 out of 5 stars4/5The Technology Trap: Capital, Labor, and Power in the Age of Automation Rating: 4 out of 5 stars4/5The Ascent of Money: A Financial History of the World Rating: 4 out of 5 stars4/5The Genius of Israel: The Surprising Resilience of a Divided Nation in a Turbulent World Rating: 4 out of 5 stars4/5The Case Against Socialism Rating: 4 out of 5 stars4/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 5 out of 5 stars5/5San Fransicko: Why Progressives Ruin Cities Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism Rating: 4 out of 5 stars4/5Principles for Dealing with the Changing World Order: Why Nations Succeed or Fail Rating: 5 out of 5 stars5/5Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 5 out of 5 stars5/5Four Futures: Life After Capitalism Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5The Color of Money: Black Banks and the Racial Wealth Gap Rating: 5 out of 5 stars5/5
Reviews for Essentials of Economic Theory
0 ratings0 reviews