Capital And Its Earnings (1888)

Capital and Its Earnings is a book written by John Bates Clark in 1888. It is an economic treatise that explores the relationship between capital and its earnings, and how they affect the economy. The book is divided into three parts, with each part focusing on a different aspect of the topic.The first part of the book examines the nature of capital and its role in the economy. Clark argues that capital is a necessary factor of production that enables businesses to increase their output and profits. He also discusses the different types of capital, such as fixed and circulating capital, and how they are used in the economy.In the second part of the book, Clark explores the relationship between capital and labor. He discusses how the two factors of production work together to create wealth, and how their earnings are determined. He also examines the role of competition in the labor market, and how it affects wages and employment.The final part of the book focuses on the distribution of wealth in the economy. Clark argues that the distribution of wealth is determined by the productivity of labor and capital, and that any attempt to redistribute wealth through government intervention will ultimately fail. He also discusses the role of taxes and tariffs in the economy, and how they affect the distribution of wealth.Overall, Capital and Its Earnings is a comprehensive analysis of the role of capital in the economy, and how it affects the distribution of wealth. It is a seminal work in the field of economics, and remains relevant to this day.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.