[Letter] June 1,1889,Smith College [to F.H. Giddings]
June 1, 1889, Smith College.
Dear Friend,
It is quite a
little present relief to me
that you can take Wieser
off my hands. In the end
I also must read it,
for it is, I think, second
only to B. Bawerk in
importance, if indeed, it
is second to it. It is
more comprehensive than
B. B. I think. It happens
also that I have another
copy of Wieser. When you
have gone through it I
want to talk it over with
you. Wieser has sent me
a considerable criticism of
my Wage theory. It is put in
the most complimentary
terms, but dissents entirely
from the conclusion. I
think I have not made
my real meaning clear to
him. He looks at
the "zone of indifference"
concretely, as though it
consisted in the use by
specific men of specific
things in the way of
instruments. He truly says
such a zone does not run
through the whole field.
I must greatly amplify
my statement, and that at
as early a date as possible.
The true and decisive
zone is not, as I mean to
have it understood, such
a concrete thing. The
question is one of the
relation of a quantum
of pure capital to a
quantum of labor force.
The real zone cannot be
conceived en nature at
all. I don't know that
this is intelligible; but to
you who have gone into my
general thought, I think it
will be.
Yes, we must have
a visit this summer.
I hope the Wieser will not
burden you. If it does
throw up the bargain altogether,
and that without hesitation; I
shall thank you then as I do
now for the good will in undertaking
it.
Yours Very Truly,
J. B. Clark