000			01467nam a2200181Ia 4500
999			_c5366 _d5366
005			20220705173012.0
008			200202s9999 xx 000 0 und d
082			_a339.2 Cla
100			_aClark, John Bates.
245		0	_aDistribution of wealth : a theory of wages, interest and profits
260			_aNew York
260			_bKelley & Millman
260			_c1956
300			_a445 p.
520			_aIt is the purpose of this work to show that the distribution of the income of society is controlled by a natural law, and that this law, if it worked without friction, would give to every agent of production the amount of wealth which that agent creates. However wages may be adjusted by bargains freely made between individual men, the rates of pay that result from such transactions tend, it is here claimed, to equal that part of the product of industry which is traceable to the labor itself; and however interest may be adjusted by similarly free bargaining, it naturally tends to equal the fractional product that is separately traceable to capital. At the point in the economic system where titles to property origi nate, where labor and capital come into possession of the amounts that the state afterwards treats as their own, the social procedure is true to the prin ciple on which the right of property rests. So far as it is not obstructed, it assigns to every one what he has specifically produced.
650			_aIncome distribution
942			_cB _2ddc