Quotation:
"Everyone of intelligence knows that the dollar-sign on a share of stock is meaningless under present conditions, and that if he is at all guided by it, rather than by independent knowledge, in judging of the value of the property, he is to that extent misguided."
More quotes from: John Bates Clark
- "A laborer no longer makes whole articles. He receives raw materials, puts his touch on ..."
- "A modern producer does not wish to keep the identical things that he makes; but ..."
- "A trust unites entrepreneurs in one industry; and it challenges a comparison between the gross ..."
- "As between a public policy that relies on natural forces, and one that trenches on ..."
- "Between coercive and non-coercive arbitration runs the dividing line of which we have spoken. The ..."
- "By reason of this objection on the legal side, the conclusive objection on the economic ..."
- "Dull would be the man who should merely tolerate this plan of social industry. Weak ..."
- "Experience alone can give a final answer. The knowledge gained in a few years by ..."
- "If a man were living in isolation his income would be literally his product. Make ..."
- "If one corporation owned every woolen mill in the world, while other industries were in ..."
- "If one industry were a complete monopoly it could not force wages below the rate ..."
- "If the adjustment made by a court can be accepted or not, it will be ..."
- "If we see to it that wages conform to the final productivity of social labor, ..."
- "In a recent decision of the Supreme Court, not made, however, by the full court, ..."
- "It is a familiar fact that a wholesome fear of outside competition holds trusts in ..."
- "Not so clear, at first glance, is the case of entrepreneurs' unions termed trusts or ..."
- "Positive are the claims of that form of society that evolution has secured; yet it ..."
- "Socialism appeals to better classes and has far more strength. Attack the state and you ..."
- "Strikes now rely, in part, on an unnatural influence. They terrorize non-unmon men. This often ..."
- "That would scarcely be a government at all that should refuse to exert its power ..."
- "The decree of a coercive tribunal would not need to conform to the true standard ..."
- "The first issue to be settled is whether socialism has a right to exist Are ..."
- "The limit is not as narrow as it might be. I do not claim for ..."
- "The line of cleavage that separates the policy that is germane to the universally accepted ..."
- "The market tends to pay as a wage what an individual laborer is worth. But ..."
- "The power of a trust for evil depends on some form of personal discrimination in ..."
- "There is a pseudo-socialism that is, in appearance, startling, and there is a genuine socialism ..."
- "There is no uncertainty as to the standard about which wages, as adjusted by strikes, ..."
- "We cannot afford to have any large section of the business world in doubt whether ..."
- "We do not defend the perversions of the natural economic system; but because they are ..."
- "We have, therefore, advanced far on the way to the condition in which we may ..."
- "We may not have been able to prevent agreements, but we shall have robbed them ..."
- "We noted, as the worst abuse connected with a genuine monopoly, a mislocating of labor, ..."
- "When we say that the persistence of competition is ensured by fate, we mean that ..."
- "When, in any business, it shall be found that, in spite of everything, competition dies, ..."
- "Where a competitor has secured a local trade, it can ruin him by flooding his ..."


