Socialism appeals to better classes and has far more strength. Attack the state and you excite feelings of loyalty even among the disaffected classes; but attack the industrial system and appeal to the state, and you may have loyalty in your favor.

In the brief preface is expressed the hope that 'it may be found that these principles settle questions of agrarian socialism. … Though the process was savage the outlook which it afforded was not wholly evil.

John Bates Clark (January 26 1847 – March 21 1938) was an American neoclassical economist.