Experience alone can give a final answer. The knowledge gained in a f… — John Bates Clark

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.

John Bates ClarkEconomist · American · 1847 – 1938

More from John Bates Clark

A little knowledge that acts is worth infinitely more than much knowledge that is idle. — Khalil Gibran
One thorn of experience is worth a whole wilderness of warning. — James Russell Lowell
But although all our knowledge begins with experience, it does not follow that it arises from experience. — Immanuel Kant
When we say that the persistence of competition is ensured by fate, we mean that individual freedom is so guaranteed. The one thing to which fate binds us is liberty. — John Bates Clark
If the adjustment made by a court can be accepted or not, it will be refused whenever the men can gain more by continuing the strike, with whatever of violence that involves. — John Bates Clark
The market tends to pay as a wage what an individual laborer is worth. But the case last studied suggests the question how accurately the law operates in practice. May it not be an honest law, but be so vitiated in its working as to give a dishonest result? — John Bates Clark