Editorial Note

The importance of the theory discussed in the above article by Mr. Hobson and in that which follows by Professor Clark, and the different methods of treatment followed by them with substantial identity of conclusion, will sufficiently explain to the readers of the Journal the large proportion of space given in the present number to a single topic, it is due to both writers, however, that we should state that immediately after sending Mr. Hobson’s article to the press we were informed by Professor Clark that he was engaged upon an article on the further application of the familiar doctrine of differential rent, which he placed at our disposal, forwarding at the same time for our information a statement of the theses maintained in it. It thus appeared that the two writers, working upon the subject independently and without knowledge by either as to the other’s speculations, had come simultaneously to the important modification of all previous theories of distribution, which are now submitted for the judgment of our readers.