If knowledge develops as capital accumulates, there need be no tendency to diminishing returns, and with constant returns there can be no tendency for the rate of profit to fall (always assuming that the problem of effective demand as ruled out). (Joan Robinson)

If knowledge develops as capital accumulates, there need be no tendency to diminishing returns, and with constant returns there can be no tendency for the rate of profit to fall (always assuming that the problem of effective demand as ruled out).

Joan Robinson

Related topics

constant fall knowledge need problem profit tendency returns

Related quotes

Just as invasion is the true and tried weapon in the hands of capital against the class struggle, so on the other hand the fearless pursuit of the class struggle has always proven the most effective preventative of foreign invasions.

Karl Liebknecht

When David Marr at MIT moved into computer vision, he generated a lot of excitement, but he hit up against the problem of knowledge representation; he had no good representations for knowledge in his vision systems.

Marvin Minsky

To further promote anti-corruption efforts, we need to insist on the successful experiences gained through the Party's long-term anti-corruption practice. We need to actively draw on effective practices conducted by foreign countries around the world, and our own valuable heritage.

Xi Jinping

You can do anything you think you can. This knowledge is literally the gift of the gods, for through it you can solve every human problem. It should make of you an incurable optimist. It is the open door.

Robert Collier

Sleep is the interest we have to pay on the capital which is called in at death; and the higher the rate of interest and the more regularly it is paid, the further the date of redemption is postponed.

Arthur Schopenhauer