The Economics of Distribution

"The Economics of Distribution" is a 1900 treatise by English economist John Atkinson Hobson. Within it, Hobson attempts to construct a self-consistent theory of Distribution through the analysis of the various process of bargaining that facilitate economic distribution with reference to the factors of production and the beneficiaries of economic cooperation. Contents include: "The Determination of a Marketplace", "Producer's and Consumer's Rents", "The Determination of Long-period Prices and of Value", "The Law of Rent as the Basis of Coordination of the Factors of Production", "The Grading of Labour and Capital. Marginal and Differential Payments", "The Coordination of the Factors of Production. Effects on the Theory of Price and Distribution", etc. John Atkinson Hobson (1858 - 1940) was an English social scientist and economist most famous for his work on imperialism-which notably had an influence on Vladimir Lenin-as well as his theory of underconsumption. His early work also questioned the classical theory of rent and predicted the Neoclassical "marginal productivity" theory of distribution. Many vintage books such as this are becoming increasingly scarce and expensive. We are republishing this volume now in an affordable, modern, high-quality edition complete with an introductory chapter from Hobson's "The Evolution of Modern Capitalism" (1906).