John Bates Clark

The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system.
The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system.
Rotate quotes
arbitrary  coercive  conform  

These are some quotes by American author John Bates Clark Economist, who lived between January 26, 1847 and March 21, 1938.