If knowledge develops as capital accumulates, there need be… - Joan Robinson

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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

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About Joan Robinson

Joan Robinson FBA (30 October 1903 – 5 August 1983) was a British post-Keynesian economist who made many contributions to economic theory.

Also Known As

Birth Name: Joan Violet Maurice

Native Name: Joan Violet Robinson

Alternative Names: Joan V. Robinson

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Originators like Joan Robinson:

John Maynard Keynes Paul Samuelson John Kenneth Galbraith Robert Heilbroner Steve Keen

Additional quotes by Joan Robinson

But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.

The bastard Keynesian doctrine, evolved in the United States, invaded the economic faculties of the world, floating on the wings of the almighty dollar.

It is the rate of investment which governs the rate of saving, and not vice versa.

If knowledge develops as capital accumulates, there need be no tendency to diminishing returns, and with constant returns there can be no tendency fo… - Joan Robinson

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