John Bates Clark’s Theory Of Distribution

Marginal productivity theory of distribution in western economics plays a very important role,in modern economics, microcosmic economics allocates theory has become the pillar, and widely used. Through the study of Clark’s theory of distribution still can solve our current social problems that exist in the distribution of some suggestions. Especially after the2008financial crisis, China’s socio-economic development process exposed more problems, which allocates the problem is increasingly serious, prompted us to deeply research of allocation problem.In this paper, first in the distribution theory background Clark is introduced in detail, including Clark’s life and Clark distribution theory introduction of the social background and theoretical background.At the end of the nineteenth Century the beginning of the twentieth Century, the United States of American rapid economic development, in the capitalist countries catch up from behind,, but the resulting contradiction between the bourgeoisie and the proletariat increasingly acute. In order to maintain the capitalist system, the abolition of the working class struggle, the bourgeoisie urgent need for new theories for their services, and other theories based on the distribution of the study was put on the agenda. Clark’s economic theory is in this context occurs. In Clark’s theory presents the theoretical background, a brief introduction of Adam Smith, Ricardo, Menger, Wieser’s distribution theory. Clear the vertical order of the development for the distribution theory.Then Clark’s theory of distribution is a detailed analysis, including the main thrust of his theory, the proposed new trichotomy and value theory, marginal productivity theory and the theory of corporate profits. And on the other to the distribution of the Clark on theory and the same period the Marshall, Marxism distribution theory are compared longitudinal straighten out the distribution of the development of the theory of context. Although to some extent, Clark’s theory of distribution for the study of economic theory provides the right analysis tools, but by its very nature, is still trying to demonstrate is the same as capital and labor can create value, capitalist production is not the exploitation theory. Clark said the center is to study the economic theory of wealth distribution, and study the distribution of wealth (exchange) problem can not leave the production. Clark in particular, as opposed to a separate part of the distribution of production has nothing to do with them and research methods. He believes that is included in the distribution and exchange of social production, and stressed the need to prove from the production distribution and exchange control laws. To illustrate his theory of distribution, Clark proposed a new classification of economics, will be divided into general economics, economics, economics, static and dynamic economics.Clark stressed that because the distribution is included in the production process, so his theory of distribution is the marginal utility theory of value and distribution of marginal productivity theory of integration. Clark is the marginal utility theory of value marginal productivity theory of distribution of the premise is correct in the Austrian theory based on the past. The essence of marginal productivity theory of marginal utility theory of value applied Clark’s theory to explain the various factors of production value of the distribution law. Clark said there is no profit in the static theory of economics, profit is a dynamic economic areas is the "dynamic forces" change the results, only in the dynamic economic conditions will produce a profit, technical change is not a static society there.The Clark distribution theory is summarized, including two aspects:analysis contribution and limitation of Clark’s marginal productivity theory of distribution. Clark’s theory is the same time contributed most to the distribution theory, completed by factor of production" diminishing returns" of the land rent theory, general, using static, dynamic and marginal analysis method. Marginal productivity theory of distribution in design is exquisite, but whether in theory or in practice, there are some limitations. For example, the marginal productivity theory of distribution is only suitable for complete competition and constant returns to scale, in imperfect competition and scale reward decrement or increment of the cases do not adapt to the.The last part of the article is draw lessons from Clark’s theory for the present stage of our country income allocation problem. Clark distribution theory limitations do not affect it in the western economic circles of the important position, but also does not affect us to study, study of the theory:a study of Clark’s method of analysis, to establish suitable for the current situation of our country a series of dynamic analysis system plays an important role; Clark about the fair distribution of Social Research on now income distribution has the certain model function; Clark’s theory of marginal productivity, we study the production cost, determine the measurable scale of production, strengthen enterprise management decision-making science to change a certain draw lessons from action; to study and learn from Clark’s factor of production reasonable configuration thought, on the production of the rational allocation of resources, improve production efficiency, to achieve sustained and stable economic growth, will play a positive role.