--- title: "Meaning & Key Takeaway of: In all the talk in the Principles (as…" description: "\"In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs ac..." image: "https://sms4smile.com/quotes/i/ce7/joan-robinson-11438_accumulation_in-all-the-talk-in-the-principles-as-opp_292540.png" --- # In all the talk in the Principles (as opposed to the… ![“In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.” quote by Joan Robinson](https://sms4smile.com/quotes/i/ce7/joan-robinson-11438_accumulation_in-all-the-talk-in-the-principles-as-opp_292540.png) [Download](https://sms4smile.com/quotes/i/ce7/joan-robinson-11438_accumulation_in-all-the-talk-in-the-principles-as-opp_292540.png) [Open image](https://sms4smile.com/quotes/i/ce7/joan-robinson-11438_accumulation_in-all-the-talk-in-the-principles-as-opp_292540.png) > “In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.” [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Entrepreneurial energy drives economic growth more than rentier savings. **In simple terms:** Entrepreneurs fuel accumulation. Key Takeaway Support entrepreneurship. Themes economics growth entrepreneurship rent accumulation Mood analytical critical Type theoretical explanatory When to use this quote - policy making - business development - investment strategy - education - research Key Concepts capitalism creative destruction Questions to Reflect On - What policies best nurture entrepreneurs? - How does rentier behavior affect markets? A Different Perspective Entrepreneurial impact can be limited by regulation. ★ ★ ★ ★ ★ No ratings yet [Accumulation](https://sms4smile.com/quotes/about/accumulation/) [Analysis](https://sms4smile.com/quotes/about/analysis/) [Business](https://sms4smile.com/quotes/about/business/) [Energy](https://sms4smile.com/quotes/about/energy/) [Entrepreneur](https://sms4smile.com/quotes/about/entrepreneur/) [Principles](https://sms4smile.com/quotes/about/principles/) [Saving](https://sms4smile.com/quotes/about/saving/) ## Related quotes > [We see people voting for bills that their ideals and principles are opposed to, but because their little funding project is in there, they're…](https://sms4smile.com/quotes/sean-duffy/we-see-people-voting-for-bills-that-their-ideals-and-principles-are/) [Sean Duffy](https://sms4smile.com/quotes/author/sean-duffy/) > [Forgiveness of the present is even more important than forgiveness of the past. If you forgive every moment - allow it to be as…](https://sms4smile.com/quotes/eckhart-tolle/forgiveness-of-the-present-is-even-more-important-than-forgiveness-of/) [Eckhart Tolle](https://sms4smile.com/quotes/author/eckhart-tolle/) > [The soul lives forever by giving, not receiving. This is the grand paradox. You get most by giving most. Conversely, by receiving much you…](https://sms4smile.com/quotes/julian-johnson/the-soul-lives-forever-by-giving-not-receiving-this-is-the-grand/) [Julian Johnson](https://sms4smile.com/quotes/author/julian-johnson/) > [The native American has been generally despised by his white conquerors for his poverty and simplicity. They forget, perhaps, that his religion forbade the…](https://sms4smile.com/quotes/charles-alexander-eastman/the-native-american-has-been-generally-despised-by-his-white/) [Charles Alexander Eastman](https://sms4smile.com/quotes/author/charles-alexander-eastman/) > [When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall…](https://sms4smile.com/quotes/john-maynard-keynes/when-the-accumulation-of-wealth-is-no-longer-of-high-social/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation…](https://sms4smile.com/quotes/henry-hazlitt/the-mounting-burden-of-taxation-not-only-undermines-individual/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [For me, personally, there is one really interesting thing. You're all a bit too young for that, but when you get to a certain…](https://sms4smile.com/quotes/christoph-waltz/for-me-personally-there-is-one-really-interesting-thing-you-re-all-a/) [Christoph Waltz](https://sms4smile.com/quotes/author/christoph-waltz/) > [Ageing is, simply and clearly, the accumulation of damage in the body. That's all that ageing is.](https://sms4smile.com/quotes/aubrey-de-grey/ageing-is-simply-and-clearly-the-accumulation-of-damage-in-the-body/) [Aubrey de Grey](https://sms4smile.com/quotes/author/aubrey-de-grey/) > [There has been, for some reason (or more likely an unfortunate accumulation of reasons) a trend over the past several decades for parents to…](https://sms4smile.com/quotes/carolyn-hax/there-has-been-for-some-reason-or-more-likely-an-unfortunate/) [Carolyn Hax](https://sms4smile.com/quotes/author/carolyn-hax/) > [Karma is often wrongly confused with the notion of a fixed destiny. It is more like an accumulation of tendencies that can lock us…](https://sms4smile.com/quotes/jon-kabat-zinn/karma-is-often-wrongly-confused-with-the-notion-of-a-fixed-destiny-it/) [Jon Kabat-Zinn](https://sms4smile.com/quotes/author/jon-kabat-zinn/) > [I think that only daring speculation can lead us further and not accumulation of facts.](https://sms4smile.com/quotes/albert-einstein/i-think-that-only-daring-speculation-can-lead-us-further-and-not/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, selfappointed,…](https://sms4smile.com/quotes/james-madison/the-accumulation-of-all-powers-legislative-executive-and-judiciary-in/) [James Madison](https://sms4smile.com/quotes/author/james-madison/) > [It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become…](https://sms4smile.com/quotes/robert-kuttner/it-is-more-than-a-little-ironic-that-capital-accumulation-once-a/) [Robert Kuttner](https://sms4smile.com/quotes/author/robert-kuttner/) > [Before World War II, I was living a very cloistered existence, as most cartoonists do. The work I was pouring out did not come…](https://sms4smile.com/quotes/will-eisner/before-world-war-ii-i-was-living-a-very-cloistered-existence-as-most/) [Will Eisner](https://sms4smile.com/quotes/author/will-eisner/) > [Age is an accumulation of life and loss. Adulthood is a series of lines crossed.](https://sms4smile.com/quotes/ellen-goodman/age-is-an-accumulation-of-life-and-loss-adulthood-is-a-series-of/) [Ellen Goodman](https://sms4smile.com/quotes/author/ellen-goodman/) ## More by Joan Robinson > [ The very nature of economics is rooted in nationalism. ... It \[was\] developed ... in the hope of throwing light upon questions of policy.… ](https://sms4smile.com/quotes/joan-robinson/the-very-nature-of-economics-is-rooted-in-nationalism-it-was/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.](https://sms4smile.com/quotes/joan-robinson/unequal-distribution-of-income-is-an-excessively-uneconomic-method-of/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [we make a great fuss about national conscience, but it consists mainly in insisting upon everyone ascribing our national policy to highly moral motives,…](https://sms4smile.com/quotes/joan-robinson/we-make-a-great-fuss-about-national-conscience-but-it-consists-mainly/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is…](https://sms4smile.com/quotes/joan-robinson/marx-however-imperfectly-he-worked-out-the-details-set-himself-the/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [Economic theorists should not make such a production about taking a rabbit out of a hat after having put the rabbit into the hat…](https://sms4smile.com/quotes/joan-robinson/economic-theorists-should-not-make-such-a-production-about-taking-a/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [science progresses by trial and error, and when it is forbidden to admit error there can be no progress.](https://sms4smile.com/quotes/joan-robinson/science-progresses-by-trial-and-error-and-when-it-is-forbidden-to/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [Marxism is the opium of the Marxists.](https://sms4smile.com/quotes/joan-robinson/marxism-is-the-opium-of-the-marxists/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire,…](https://sms4smile.com/quotes/joan-robinson/the-orthodox-doctrines-of-economics-which-were-dominant-in-the-last/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [It's a terrible thing to be a worker exploited in the capitalist system. The only worse thing is to be a worker unable to…](https://sms4smile.com/quotes/joan-robinson/it-s-a-terrible-thing-to-be-a-worker-exploited-in-the-capitalist/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.](https://sms4smile.com/quotes/joan-robinson/not-only-subjective-poverty-is-never-overcome-by-growth-but-absolute/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [Reality is never a golden age.](https://sms4smile.com/quotes/joan-robinson/reality-is-never-a-golden-age/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [“After the war, when the problem of deficient effective demand seemed to have faded into the background, a fresh question came to the fore…](https://sms4smile.com/quotes/joan-robinson/after-the-war-when-the-problem-of-deficient-effective-demand-seemed/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late.…](https://sms4smile.com/quotes/joan-robinson/i-do-not-regard-the-keynesian-revolution-as-a-great-intellectual/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being…](https://sms4smile.com/quotes/joan-robinson/the-purpose-of-studying-economics-is-not-to-acquire-a-set-of-ready/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) > [“The analysis of the /General Theory /shows that inflation is a real, not a monetary, phenomenon. It operates in two stages (once more giving…](https://sms4smile.com/quotes/joan-robinson/the-analysis-of-the-general-theory-shows-that-inflation-is-a-real-not/) [Joan Robinson](https://sms4smile.com/quotes/author/joan-robinson/) [Explore all 60 Joan Robinson quotes ](https://sms4smile.com/quotes/author/joan-robinson/) ## More Accumulation quotes > [Age is an accumulation of life and loss. Adulthood is a series of lines crossed.](https://sms4smile.com/quotes/ellen-goodman/age-is-an-accumulation-of-life-and-loss-adulthood-is-a-series-of/) [Ellen Goodman](https://sms4smile.com/quotes/author/ellen-goodman/) > [Before World War II, I was living a very cloistered existence, as most cartoonists do. The work I was pouring out did not come…](https://sms4smile.com/quotes/will-eisner/before-world-war-ii-i-was-living-a-very-cloistered-existence-as-most/) [Will Eisner](https://sms4smile.com/quotes/author/will-eisner/) > [It is more than a little ironic that "capital accumulation" once a rather tendentious Marxian view of a supposed capitalist obsession, should have become…](https://sms4smile.com/quotes/robert-kuttner/it-is-more-than-a-little-ironic-that-capital-accumulation-once-a/) [Robert Kuttner](https://sms4smile.com/quotes/author/robert-kuttner/) > [The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, selfappointed,…](https://sms4smile.com/quotes/james-madison/the-accumulation-of-all-powers-legislative-executive-and-judiciary-in/) [James Madison](https://sms4smile.com/quotes/author/james-madison/) > [I think that only daring speculation can lead us further and not accumulation of facts.](https://sms4smile.com/quotes/albert-einstein/i-think-that-only-daring-speculation-can-lead-us-further-and-not/) [Albert Einstein](https://sms4smile.com/quotes/author/albert-einstein/) > [Karma is often wrongly confused with the notion of a fixed destiny. It is more like an accumulation of tendencies that can lock us…](https://sms4smile.com/quotes/jon-kabat-zinn/karma-is-often-wrongly-confused-with-the-notion-of-a-fixed-destiny-it/) [Jon Kabat-Zinn](https://sms4smile.com/quotes/author/jon-kabat-zinn/) > [There has been, for some reason (or more likely an unfortunate accumulation of reasons) a trend over the past several decades for parents to…](https://sms4smile.com/quotes/carolyn-hax/there-has-been-for-some-reason-or-more-likely-an-unfortunate/) [Carolyn Hax](https://sms4smile.com/quotes/author/carolyn-hax/) > [Ageing is, simply and clearly, the accumulation of damage in the body. That's all that ageing is.](https://sms4smile.com/quotes/aubrey-de-grey/ageing-is-simply-and-clearly-the-accumulation-of-damage-in-the-body/) [Aubrey de Grey](https://sms4smile.com/quotes/author/aubrey-de-grey/) > [For me, personally, there is one really interesting thing. You're all a bit too young for that, but when you get to a certain…](https://sms4smile.com/quotes/christoph-waltz/for-me-personally-there-is-one-really-interesting-thing-you-re-all-a/) [Christoph Waltz](https://sms4smile.com/quotes/author/christoph-waltz/) > [The mounting burden of taxation not only undermines individual incentives to increased work and earnings, but in a score of ways discourages capital accumulation…](https://sms4smile.com/quotes/henry-hazlitt/the-mounting-burden-of-taxation-not-only-undermines-individual/) [Henry Hazlitt](https://sms4smile.com/quotes/author/henry-hazlitt/) > [When the accumulation of wealth is no longer of high social importance, there will be great changes in the code of morals. We shall…](https://sms4smile.com/quotes/john-maynard-keynes/when-the-accumulation-of-wealth-is-no-longer-of-high-social/) [John Maynard Keynes](https://sms4smile.com/quotes/author/john-maynard-keynes/) > [The native American has been generally despised by his white conquerors for his poverty and simplicity. They forget, perhaps, that his religion forbade the…](https://sms4smile.com/quotes/charles-alexander-eastman/the-native-american-has-been-generally-despised-by-his-white/) [Charles Alexander Eastman](https://sms4smile.com/quotes/author/charles-alexander-eastman/) > [The soul lives forever by giving, not receiving. This is the grand paradox. You get most by giving most. Conversely, by receiving much you…](https://sms4smile.com/quotes/julian-johnson/the-soul-lives-forever-by-giving-not-receiving-this-is-the-grand/) [Julian Johnson](https://sms4smile.com/quotes/author/julian-johnson/) > [Forgiveness of the present is even more important than forgiveness of the past. If you forgive every moment - allow it to be as…](https://sms4smile.com/quotes/eckhart-tolle/forgiveness-of-the-present-is-even-more-important-than-forgiveness-of/) [Eckhart Tolle](https://sms4smile.com/quotes/author/eckhart-tolle/) > [Too much and too long, we seem to have surrendered community excellence and community values in the mere accumulation of material things.](https://sms4smile.com/quotes/robert-kennedy/too-much-and-too-long-we-seem-to-have-surrendered-community/) [Robert Kennedy](https://sms4smile.com/quotes/author/robert-kennedy/) [Browse all 412 Accumulation quotes ](https://sms4smile.com/quotes/about/accumulation/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.", "creator": { "@type": "Person", "name": "Joan Robinson" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/joan-robinson/in-all-the-talk-in-the-principles-as-opposed-to-the-formal-analysis/", "about": { "@type": "Thing", "name": "Accumulation" }, "@id": "https://sms4smile.com/quotes/joan-robinson/in-all-the-talk-in-the-principles-as-opposed-to-the-formal-analysis/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ce7/joan-robinson-11438_accumulation_in-all-the-talk-in-the-principles-as-opp_292540.png", "contentUrl": "https://sms4smile.com/quotes/i/ce7/joan-robinson-11438_accumulation_in-all-the-talk-in-the-principles-as-opp_292540.png", "url": "https://sms4smile.com/quotes/i/ce7/joan-robinson-11438_accumulation_in-all-the-talk-in-the-principles-as-opp_292540.png", "width": 1080, "height": 1080, "caption": "“In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but…” — Joan Robinson", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Joan Robinson", "item": "https://sms4smile.com/quotes/author/joan-robinson/" }, { "@type": "ListItem", "position": 4, "name": "In all the talk in the...", "item": "https://sms4smile.com/quotes/joan-robinson/in-all-the-talk-in-the-principles-as-opposed-to-the-formal-analysis/" } ], "@id": "https://sms4smile.com/quotes/joan-robinson/in-all-the-talk-in-the-principles-as-opposed-to-the-formal-analysis/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```