Joan Robinson Quote

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).

Chapter V, The Falling Rate Of Profit, p. 38 - An Essay on Marxian Economics (Second Edition) (1966)

If knowledge develops as capital accumulates, there need be no tendency to diminishing returns, and with constant returns there can be no tendency...

If knowledge develops as capital accumulates, there need be no tendency to diminishing returns, and with constant returns there can be no tendency...

If knowledge develops as capital accumulates, there need be no tendency to diminishing returns, and with constant returns there can be no tendency...

If knowledge develops as capital accumulates, there need be no tendency to diminishing returns, and with constant returns there can be no tendency...