Abstract
We refer to statements such as these:
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Population will increase whenever wages are higher than the income needed for subsistence.
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When population increases in relation to the available land, productivity declines.
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Productivity increases through capital accumulation.
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Capital accumulation accelerates through individual saving.
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Entrepreneurs increase production until marginal costs equals marginal revenue. They invest to the point where marginal yield equals the rate of interest.
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The rise in consumption spending lags behind the rise in the level of income, and the higher the level of aggregate spending the lower the proportion of consumption expenditure.
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Class struggle is the dynamic force that accounts for all social and economic change and development.
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Power corrupts; and absolute power corrupts absolutely.
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© 1991 Robert A. Solo
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Solo, R.A. (1991). The Character of the Discourse. In: The Philosophy of Science, and Economics. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-12224-0_5
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DOI: https://doi.org/10.1007/978-1-349-12224-0_5
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-12226-4
Online ISBN: 978-1-349-12224-0
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