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Joan Robinson Quotes

1903–1983 England

Joan Robinson FBA (30 October 1903 – 5 August 1983) was a British post-Keynesian economist who made many contributions to economic theory.

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Random Joan Robinson quote

42 quotes

There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.

Contributions to Modern Economics (1978)

It is the rate of investment which governs the rate of saving, and not vice versa.

An Essay on Marxian Economics (Second Edition) (1966)

Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.

Contributions to Modern Economics (1978)

It is high time to abandon the mainstream and take to the turbulent waters of truly dynamic analysis.

Contributions to Modern Economics (1978)

The nature of technology depends very much upon what the public can be induced to put up with.

Economic Heresies (1971)

The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.

Economic Philosophy (1962)

Time, so to say, runs at right angles to the page at each point on the curve.

Economic Heresies (1971)

The bastard Keynesian doctrine, evolved in the United States, invaded the economic faculties of the world, floating on the wings of the almighty dollar.

Contributions to Modern Economics (1978)

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 deceived by economists.

Contributions to Modern Economics (1978)

If there is any law governing the distribution of income between classes, it still remains to be discovered.

An Essay on Marxian Economics (Second Edition) (1966)

But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.

Contributions to Modern Economics (1978)

'Capital' is not what capital is called, it is what its name is called.

Contributions to Modern Economics (1978)

If a rise in wages does not raise prices, a fall will not reduce them.

An Essay on Marxian Economics (Second Edition) (1966)

Michal Kalecki's claim to priority of publication is indisputable.

Contributions to Modern Economics (1978)

It is impossible to add the stock of money to the flow of saving.

Contributions to Modern Economics (1978)

A depression is a situation of self-fulfilling pessimism.

Economic Heresies (1971)

It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.

Contributions to Modern Economics (1978)

Progress is slow partly from mere intellectual inertia. In a subject where there is no agreed procedure for knocking out errors, doctrines have a long life.

Economic Philosophy (1962)

Whatever you can rightly say about India, the opposite is also true.

But once we bring historical time into the argument, it is not so easy to present the free play of the market as an ideal mechanism for maximizing welfare and securing social justice.

Economic Heresies (1971)

Attribution

Quotes and notes from Wikiquote: Joan Robinson (page history), available under CC BY-SA 4.0.