rentier class वाक्य

The marginal efficiency of capital as well as the rate of interest would both be brought down to zero, and if population was not increasing rapidly society would finally " . . . attain the conditions of a quasi-stationary community where change and progress would result only from changes in technique, taste, population and institutions . . . " Keynes believed this development would bring about the disappearance of the rentier class, something he welcomed : Keynes argued that rentiers incurred no sacrifice for their earnings, and their savings did not lead to productive investments unless aggregate demand in the economy was sufficiently high . " I see, therefore, the rentier aspect of capitalism as a transitional phase which will disappear when it has done its work ."