The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest result?
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"The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest result?" — John Bates Clark #retirementlaterlife
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The market tends to pay as a wage what an individual laborer is worth. But the case last studi…
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The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest result? — John Bates Clark
About John Bates Clark
John Bates Clark was a Economist from United States (1847–1938).
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Who said "The market tends to pay as a wage what an individual laborer is worth. But the…"?
This quote is attributed to John Bates Clark, a Economist from United States.
When did John Bates Clark live?
John Bates Clark lived from 1847 – 1938.
What is this quote about?
This quote touches on Retirement & Later Life. Browse more quotes on these themes from the categories page.