Books, Brochures, and Chapters>Book:  Babbage , Charles (1851), The Exposition of 1851, Retrieved on 2014-01-21
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    Memes

    21 JAN 2014

     Knowledge Grows Faster Than Compound Interest

    Remember that accumulated knowledge, like accumulated capital, increases at compound interest: but it differs from the accumulation of capital in this; that the increase of knowledge produces a more rapid rate of progress, whilst the accumulation of capital leads to a lower rate of interest. Capital thus checks its own accumulation: knowledge thus accelerates its own advance. Each generation, therefore, to deserve comparison with its predecessor, is bound to add much more largely to the commo...
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    It accelerates beyond the comparatively stunted growth of wealth.

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