Phrase by 'John Bates Clark'
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We cannot afford to have any large section of the business world in doubt whether they have broken the laws or not, and we cannot let the laws become a dead letter through vagueness. In this view it is clear that an administrative commission can render invaluable service.
Author: John Bates Clark - American EconomistWorld , Business , Broken , Service
In a recent decision of the Supreme Court, not made, however, by the full court, and concurred in by only four justices, it was held that the seller of a patented mimeograph could bind the purchaser to use only his ink in the machine, though the ink was not patented.
Author: John Bates Clark - American EconomistOnly , Made , Decision , Machine
Experience alone can give a final answer. The knowledge gained in a few years by a commission of the kind suggested would be worth more than volumes of mere assertions and contradictions.
Author: John Bates Clark - American EconomistExperience , Knowledge , Alone , Worth
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