John Bates Clark Quotes


A laborer no longer makes whole articles. He receives raw materials, puts his touch on them, and passes them to another worker in the series. When the articles are quite finished they are carried out of sight by currents of commercial exchange. These currents are untraceable.


Citations

Clark, John Bates. The Philosophy of Wealth: Economic Principles Newly Formulated. Ginn & Company, 1886.

Related Quotes

Sorensen and one of the foremen worked out the idea for the assembly line on one of their “days off.” The Model T car was the first item that was made using an assembly line where the work moved to the workers rather than the workers to the work.


Ford’s associate Henry Sorenson also was deeply involved with developing the concept of an assembly line. History has tended to give the credit to Ford as he was the boss. However, it is doubtful that either man thought of the concept independently by mutually and collegially developed and implemented the idea.


Prior to that time, each household—the women of the household-- baked its own bread and brewed its own beer. Both were very time consuming chores, that were much more efficiently done in large, industrial scale batches. The large scale brewing of beer was developed in Germany and brought to the United States by German immigrants, whose names grace the major beer corporations.


John Bates Clark
John Bates Clark
  • Born: January 26, 1847
  • Died: March 21, 1938
  • Nationality: American
  • Profession: Economist

John Bates Clark was an American neoclassical economist. He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spent most of his career as professor at Columbia University.