John Bates Clark (1847 ~ 1938)
Before I was assigned this alias, I have never heard of him. He is an American economist who is noted for his theory of marginal productivity.
Clark was educated at Brown University and Amherst College, then he moved to Germany and Switzerland. He came back to the United States to teach at Columbia University as a professor.
He published several articles and the most stunning contribution was marginal utility theory. John Bates Clark can be considered the fourth independent creator of the Marginalist Revolution, followed by Jevons, Menger, and Walras.
He also helped found the American Economic Association in 1885. The AEA instituted the "John Bates Clark medal" in 1947, awarded every second year to the most promising young economist under forty years of age.
His work can be related to our course content such that marginal productivity can explain or influence on economical behavior of organizations .
John Bates Clark Medal
The Clark medal is very prestigious. Many who have won that award have gone on to later win the Nobel prize.
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