Quote from: Nature Topic

The limit is not as narrow as it might be. I do not claim for this action, as it now goes on, an ideal degree of efficiency. What I do claim is that this type of competition already reveals its nature and its ultimate power to hold seeming monopolies in check.


Share this:  

Author Bio


  • NameJohn Bates Clark
  • DescriptionAmerican neoclassical economist
  • BornJanuary 26, 1847
  • DiedMarch 21, 1938
  • CountryUnited States Of America
  • ProfessionEconomist