ABSTRACT
Professor Clark’s commanding position, 410-12. – Harmless misinformation as to primitive man, 412-14. – Significance of the accumulated experience of mankind overlooked, 414-16. – The classical school and Clark are alike hedonistic, utilitarian, taxonomic, 416-18. – His doctrine as to capital and capital goods, 419-22. – Natural distribution, final productivity, and effective utility, 422-26. – The supposition of consumer’s surplus vitiates that of reward according to productivity, 426-28. – Consistently, monopolists also must be admitted to get rewards based on effective utility and so on “natural” law, 428-32. – The legislation proposed by Clark as to monopoly not related to his theoretic principles, 432-34. – How far any surplus of utility over disutility can be consistently reasoned out, 434-36. – Consumer’s surplus and producer’s surplus vanish on close examination, 437-39. – Conclusion, 439-40.
