The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into di...

The decree of a coercive tribunal would not need to conform to the true standard of wages, the final productivity of social labor. It would introduce into distribution a genuinely arbitrary element, with a very large ultimate power to pervert the natural system.

quote by John Bates Clark
Submitted by Lucian Velea
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