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John M. Clark and Frank H. Knight on the Adding-Up Theorem, Overhead Costs, and More

In: Including a Symposium on Bruce Caldwell’sBeyond PositivismAfter 35 Years

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  • Luca Fiorito

Abstract

This note offers new archival insight into a 1925 polemical exchange between Frank Knight and John Maurice Clark that was hosted in the pages ofJournal of Political Economy. Although the exchange centered on the effects of overhead costs on marginal productivity theory and the so-called adding-up theorem, it also provided significant elements to assess the methodological differences between two of the most representative American economists of the interwar years.

Suggested Citation

  • Luca Fiorito, 2018. "John M. Clark and Frank H. Knight on the Adding-Up Theorem, Overhead Costs, and More," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Bruce Caldwell’sBeyond PositivismAfter 35 Years, volume 36, pages 159-179, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:rhetzz:s0743-41542018000036a010
    DOI: 10.1108/S0743-41542018000036A010
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