Social Justice Without Socialism

"Social Justice Without Socialism" by John Bates Clark is a scholarly treatise on economic theory and social philosophy written in the early 20th century. As a work focused on political economy, the book explores the interplay between private enterprise and social justice, advocating for reforms to improve the conditions of labor without resorting to socialism. The text reflects on the state of industrial society and the responsibilities of the state and individuals in fostering a just economic system. In this book, Clark argues against the extremes of laissez-faire capitalism and socialism, proposing instead a middle ground where the state has a role in regulating competition and addressing monopolistic practices. He emphasizes the importance of competition as a vital force for innovation and economic growth. Clark outlines various reforms necessary to achieve social justice, such as labor rights, fair wage systems, improved working conditions, and the importance of honest capitalism. Throughout the text, he maintains a hopeful outlook on the potential for societal improvement through reform rather than revolution, envisioning a future where justice and progress are attainable through cooperation between labor and capital. (This is an automatically generated summary.)

John Bates Clark was an American neoclassical economist. He was one of the pioneers of the marginalist revolution and opponent to the Institutionalist school of economics, and spent most of his career as professor at Columbia University. He was one of the most prominent American economists of his time.