Long Run Development Quotes

“After the war, when the problem of deficient effective demand seemed to
have faded into the background, a fresh question came to the fore —
long-run development.

The change arose partly from the internal evolution of economics as an
academic subject. The solution of one problem opens up the next; once
Keynes’ short-period theory had been established, in which investment
plays the key role, it was evidently necessary to discuss the
consequences of the accumulation of capital that investment brings about. [p. 92]”
― Joan Robinson, Economic Philosophy