Preface to Social Economics: Essays on Economic Theory and Social Problems. John Maurice Clark

Stream „Echoes of an Era - A Century of Organisational Studies“ John Maurice Clark’s Approach to Economic Responsibility: A Reconstruction Based on the Classical Model of Responsibility

“…According to Rutherford (2000, p. 280), Clark (1915) and Clark (1916) are both "pursuing [Clark's] views on social value." Homan (1938) underlines the importance of these two articles as well. Rutherford's assessment accords with that of Homan (1938) in which he points out that Clark "defined for himself the scope of the subject matter of economic inquiry and his 'attitude' toward the complex of social relations within which lie the restricted paths of economic analysis" (p. 430).…”

“…Homan (1938) underlines the importance of these two articles as well. Rutherford's assessment accords with that of Homan (1938) in which he points out that Clark "defined for himself the scope of the subject matter of economic inquiry and his 'attitude' toward the complex of social relations within which lie the restricted paths of economic analysis" (p. 430). Exchange values reflect individual utilities or "value in society," but not the value or cost of a marketed entity (conceptualised as commodity, service, property rights bundle, resource, etc.)…”