A Quote by Joan Robinson
It is the rate of investment which governs the rate of saving, and not vice versa.
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India's saving rate will go up. India's investment rate will go up. And I believe that's a plus point.
Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
As soon, however, as capitalist competition has definitively established the equal rate of profit, that rate becomes the starting point for the calculations of the capitalists in the investment of capital in newly-created branches of production.
If you go to a second-rate place, and you are first-rate, it is very difficult to do first-rate work because you do not get that critical feedback you need for first-rate work on a daily basis.
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.
As you know, you go to war with the army you have, not the army you might want or wish to have at a later time. Since the Iraq conflict began, the Army has been pressing ahead to produce the armor necessary at a rate that they believe - it's a greatly expanded rate from what existed previously, but a rate that they believe is the rate that is all that can be accomplished at this moment.
I knew I'd always be a second-rate academic, and I thought, 'Well, I'd rather be a second-rate novelist or even a third-rate one'.
Walk rate is probably the area in which a pitcher has the most room to improve, but a rate that high is tough to overcome.
In a large mass of muscle deprived of its circulation, the rate at which the recovery process can go on, after severe stimulation, depends on the rate at which oxygen can reach the fibres by diffusion.
The Chinese economy is growing at the rate of 9 percent; the Indian economy growing at the rate of 8 percent - enormous I think opportunities for two-way flow of trade, technology and investment.
What central banks can control is a base and one way they can control the base is via manipulating a particular interest rate, such as a Federal Funds rate, the overnight rate at which banks lend to one another. But they use that control to control what happens to the quantity of money. There is no disagreement.
To focus capital and entrepreneurship into empowering innovation, we should change is the capital gains tax rate. We would be better served by a regressive tax rate, that would become progressively smaller the longer the investment is held.
The discounting presumably is to be done for each period of time at that rate of interest which represents the alternative cost of employing capital in the occupation in question; that is, at the rate which the entrepreneur could obtain in other investments
When they so-called 'target the interest rate', what they're doing is controlling the money supply via the interest rate. The interest rate is only an intermediary instrument.
The way to get a maximum rate of 'economic growth' assuming this to be our aim - is to give maximum encouragement to production, employment, saving, and investment. And the way to do this is to maintain a free market and a sound currency.
It is impossible that the intention of the entrepreneur who has borrowed in order to increase investment can become effective (except in substitution for investment by other entrepreneurs which would have occurred otherwise) at a faster rate than the public decide to increase their savings
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