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).
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Chapter V, The Falling Rate Of Profit, p. 38Joan Robinson
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Whence do you have it that the terrestrial globe is so heavy? For my part, either I do not know what heaviness is, or the terrestrial globe is neither heavy nor light, as likewise all other globes of the universe. Heaviness to me (and I believe to Nature) is that innate tendency by which a body resists being moved from its natural place and by which, when forcibly removed therefrom, it spontaneously returns there. Thus a bucketful of water raised on high and set free, returns to the sea; but who will say that the same water remains heavy in the sea, when being set free there, does not move?
Galileo Galilei
Population regulates itself by the funds which are to employ it, and therefore always increases or diminishes with the increase or the diminution of capital. Every reduction of capital is therefore necessarily followed by a less effective demand for corn, by a fall in price, and by diminished cultivation.
David Ricardo
Population regulates itself by the funds which are to employ it, and therefore always increases or diminishes with the increase or the diminution of capital. Every reduction of capital is therefore necessarily followed by a less effective demand for corn, by a fall in price, and by a diminished cultivation.
Thomas Malthus
The whole conflict thus boils down to a question of degree. We of the minority see a law of diminishing returns in progress; our opponents do not.
Aldo Leopold
I always remind myself that what one observes is at best a combination of variance and returns, not just returns.
Nassim Nicholas Taleb
Robinson, Joan
Robinson, Kim Stanley
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