Joan Robinson
Joan Robinson
Joan Violet Robinson FBAwas a British economist who was well known for her work on monetary economics and wide-ranging contributions to economic theory. She was the daughter of Major-General Sir Frederick Barton Maurice, 1st Baronet, and was married to Austin Robinson, a fellow economist. Together, they had two children...
ideas gaps repetition
New ideas are difficult just because they are new. Repetition has somehow plastered over the gaps and inconsistencies in the old ones, and the new cannot penetrate.
misery capitalist
The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.
should-have growth needs
Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.
intellectual tragedy unemployment
I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.
economy marxist marxism
Marxism is the opium of the Marxists.
entrepreneur analysis saving
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.
self pessimism economics
A depression is a situation of self-fulfilling pessimism.
normal textbooks fiction
There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.
saving flow add
It is impossible to add the stock of money to the flow of saving.
names
Capital' is not what capital is called, it is what its name is called.
easier organize industry
It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.
waiting rewards income
Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.
government patterns moments
At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments - there is an ever-changing pattern of deficits and surpluses.
complaining hearing orthodoxy
A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy.