When we say that the persistence of competition is ensured by fate, we mean that individual freedom is so guaranteed. The one thing to which fate binds us is liberty.
More Quotes from John Bates Clark:
If one industry were a complete monopoly it could not force wages below the rate fixed by the final productivity of labor in other industries.John Bates Clark
In a recent decision of the Supreme Court, not made, however, by the full court, and concurred in by only four justices, it was held that the seller of a patented mimeograph could bind the purchaser to use only his ink in the machine, though the ink was not patented.
John Bates Clark
A modern producer does not wish to keep the identical things that he makes but he does want to keep the value that he brings into existence.
John Bates Clark
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.
John Bates Clark
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.
John Bates Clark
We cannot afford to have any large section of the business world in doubt whether they have broken the laws or not, and we cannot let the laws become a dead letter through vagueness. In this view it is clear that an administrative commission can render invaluable service.
John Bates Clark
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Based on Topics: Competition Quotes, Fate & Destiny Quotes, Liberty & Freedom Quotes, Will & Determination QuotesBased on Keywords: binds, ensured
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