Books in the Contemporary Economists series

The economic theories of the English economist and social scientist J.A. Hobson is best known by today's economists for his underconsumption theory, which was recognised by Keynes as an important forerunner of The General Theory. Hobson's underconsumption theory is modelled and compared with the economic growth theories of Harrod and Domar.

This policy includes explicit recognition that the state must intervene to countervail the power of entrenched political economic interests and to provide generous support of the arts and letters to achieve the affirmation of humanity.

In this fresh study of the career and theoretical work of John Bates Clark, the first American economist to achieve international standing, Henry demonstrates that the usual interpretations of Clark are flawed, and that Clark set out to develop a theory of distribution that would support then current political authority and property relationships.