It is the rate of investment which governs the rate of saving, and not vice versa.
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Chapter VIII, The General Theory of Employment, p. 66Joan Robinson
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I knew I'd never be more than a second-rate business man and a second-rate writer — so I decided to add the two things together and be a first rate advertising man.
Bruce Fairchild Barton
The qualities of a second-rate writer can easily be defined, but a first-rate writer can only be experienced. It is just the thing in him which escapes analysis that makes him first-rate.
Willa Cather
André Weil suggested that there is a logarithmic law at work: first-rate people attract other first-rate people, but second-rate people tend to hire third-raters, and third-rate people hire fifth-raters. If a dean or a president is genuinely interested in building and maintaining a high-quality university (and some of them are), then he must not grant complete self-determination to a second-rate department; he must, instead, use his administrative powers to intervene and set things right. That's one of the proper functions of deans and presidents, and pity the poor university in which a large proportion of both the faculty and the administration are second-raters; it is doomed to diverge to minus infinity.
Paul Halmos
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
Paul Ormerod
Rosa Luxemburg maintained that the capitalist system can keep up its rate of investment (and therefore its profits) only so long as it is expanding geographically.
Joan Robinson
Robinson, Joan
Robinson, Kim Stanley
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