John Bates Clark: If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins.

If a man were living in isolation his income would be literally his product. Make him the monarch and owner of an island, and the fruits that he raises and the clothing that he makes constitute, in themselves, his income. This ceases to be true when trading begins.

-- John Bates Clark


		Name: John Bates Clark Type: Economist Nationality: American Birth: January 26, 1847 Death: March 21, 1938

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