Experience alone can give a final answer. The knowledge gained in a few years by a commission of the kind suggested would be worth more than volumes of mere assertions and contradictions.
More Quotes from John Bates Clark:
The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system.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
By reason of this objection on the legal side, the conclusive objection on the economic side is in danger of falling out of sight.
John Bates Clark
If the adjustment made by a court can be accepted or not, it will be refused whenever the men can gain more by continuing the strike, with whatever of violence that involves.
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
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Based on Topics: Experience Quotes, Wisdom & Knowledge QuotesBased on Keywords: assertions, contradictions
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