The tendency of the rate of profit to fall (TRPF) is a hypothesis in economics and political economy, most famously expounded by Karl Marx in chapter 13 of Das Kapital, Volume 3. It was generally accepted in the 19th century. Economists as diverse as Adam Smith, John Stuart Mill, and Stanley Jevons noticed a long-run empirical trend for the internal rate of return on capital invested to produce industrial products to decline, and Marx called this tendency "the most important law of political economy" and sought to give a causal explanation for it, in terms of his labour theory of value.
Read more about Tendency Of The Rate Of Profit To Fall: Adam Smith's 1776 Comment On The Rate of Profit, Marx's Argument, Quote From Marx On The Tendency of The Rate of Profit To Fall, Later Marxist Interpretation, Criticisms, In Terms of Mainstream Economics, Empirical Evidence, Further Controversy
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“The tendency of things runs steadily to this point, namely, to put every man on his merits, and to give him so much power as he naturally exerts,—no more, no less.”
—Ralph Waldo Emerson (1803–1882)
“My tendency to nervousness in my younger days, in view of the fact of a number of near relatives on both my father’s and mother’s side of the house having become insane, gave some serious uneasiness. I made up my mind to overcome it.... In the cross-examination of witnesses before a crowded court-house ... I soon found I could control myself even in the worst of testing cases. Finally, in battle.”
—Rutherford Birchard Hayes (1822–1893)
“You are more than entitled not to know what the word ‘performative’ means. It is a new word and an ugly word, and perhaps it does not mean anything very much. But at any rate there is one thing in its favor, it is not a profound word.”
—J.L. (John Langshaw)
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“I know thee not, old man. Fall to thy prayers.
How ill white hairs becomes a fool and jester!”
—William Shakespeare (1564–1616)