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
Name: John Bates Clark Type: Economist Nationality: American Birth: January 26, 1847 Death: March 21, 1938 |