“Modern technique, as Marx pointed out, fosters the concentration of capital, and the levels of profits is supported by a scarcity of enterprise which is not due to the real cost of risk-bearing, but to the scarcity of individuals who have anything to risk.”

— Joan Robinson, book An Essay on Marxian Economics

Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter VII, The Orthodox Theory of Profit, p. 57-58

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Joan Robinson46

English economist 1903–1983

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