Two ideal standard clocks, effectively isolated from interaction with other physical systems, and in a region of the universe free of gravitational fields, are assumed to move in any arbitrary manner so that they coincide on at least two occasions. In general, the reading of one of them will become retarded relative to the other in the interval between successive coincidences. This relative retardation is predicted by the restricted theory of relativity, taken together with the assumption that the 'rate' of (...) a clock depends only on its velocity and not on its acceleration. The recognized procedure for calculating the retardation in terms of clock 'rates' is set out, and is illustrated by its application to a simple hypothetical experiment in which one clock remains at rest and the other travels away from and back to it with constant speed in a straight line. There is nothing paradoxical in the predicted retardation as such. The so-called 'clock paradox' arises because an alternative, and apparently valid, calculation procedure, also based on clock 'rates', leads to a contradictory result. The term 'paradox' is something of a euphemism since the two predictions are contradictories. It is shown that the paradox does not arise when direct use is made of the Lorentz transformation without introducing the additional, and non-essential, step in reasoning involved in utilizing the clock 'rates'. It is then shown that the paradox arises only through using these clock 'rates' without due regard to the exact significance of the quantities so described; once this is recognized the paradox is resolved completely within the framework of the restricted theory, which then provides a unique and unambiguous prediction of the relative retardation. Once the paradox is thus resolved, the general theory of relativity can add nothing significant to the analysis. It is shown that the application of the principle of equivalence is essentially trivial; in effect, Einstein and Tolman evaded the real logical issue raised by the contradictory predictions by denying the applicability of the restricted theory and then utilizing, by means of the principle of equivalence, results obtained from it. This tortuous procedure succeeded in evading the paradox rather than in resolving it; it would obviously be quite invalid were the restricted theory indeed inapplicable to the problem. (shrink)