Thomas Nixon Carver

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Carver, Thomas Nixon


Born Mar. 25, 1865, in Kirk-ville, Iowa; died in 1961, in Santa Monica, Calif. American economist. Exponent of vulgar bourgeois political economy. Graduated from the University of Southern California in 1891. Doctor of philosophy (1894). Professor of economics at Harvard University (from 1902).

Carver was an adherent of J. B. Clark’s theory of marginal productivity, which he attempted to make more concrete through the use of mathematics. He asserted that the USA had entered an era of continual prosperity and that differences between workers and entrepreneurs were being erased. He called upon workers to reject the struggle against capital and to engage in cooperation with entrepreneurs. His antiscientific conceptions became basic to the theory of “people’s” capitalism.


The Distribution of Wealth. New York, 1904.
Principles of Political Economy. Boston, 1919.
The Present Economic Revolution in the United States. Boston, 1925.
Recollections of an Unplanned Life. Los Angeles, 1949.


The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
References in periodicals archive ?
His best known work is perhaps Coercion and Distribution in a Supposedly Non-Coercive State,(2) published in 1923 as a review of Thomas Nixon Carver's Principles of National Economy,(3) itself a defense of the classical principles of laissez faire, remembered today only for the drubbing that it took at Hale's hands.
As Fried recounts, Thomas Nixon Carver was anything but a consistent and thoroughgoing defender of laissez faire (p.
And there are factual errors: The father of Dorothy Straight was not a robber baron; Thomas Nixon Carver was an economist, not a political scientist; Graham Wallas wrote about Francis Place, not William; C.