Thomas Nixon Carver

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.