Download or read book Essentials of Economic Theory written by John Bates Clark and published by Ludwig von Mises Institute. This book was released on 2013-09-18 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt:

John Bates Clark was an American adherent of the marginalist school who engaged the Austrians and learned from them. He delivered many blows against the historical school in favor of the idea of pure theory. He was also a prominent advocate of free markets in a time when the economics profession was embracing Progressivist ideology. Clark contributed to laying the foundation of what would later become a distinctly American Austrian School. Mises himself regarded him as an outstanding economist, perhaps his favorite American economist.