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Quotes from Contributions to Modern Economics — Joan Robinson

1903–1983 England

← All quotes by Joan Robinson

17 quotes

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

Contributions to Modern Economics (1978)

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 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)

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)

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)

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)

It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next.

Contributions to Modern Economics (1978)

Why did the hunters in the Wealth of Nations exchange beavers for deer?

Contributions to Modern Economics (1978)

But the tygers of wrath go the other way. Do not ask me why. It is just a fact I noticed when I was looking through field glasses from a machan.

Contributions to Modern Economics (1978)

An agent must have some discretion.

Contributions to Modern Economics (1978)

At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under separate national governments — there is an ever-changing pattern of deficits and surpluses.

Contributions to Modern Economics (1978)

When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

Contributions to Modern Economics (1978)

To supply goods is a source of profit, but to supply services is a ' burden upon industry '. It is for this reason that when, as a nation, ' we have never had it so good ' we find that we ' cannot afford ' just what we most need.

Contributions to Modern Economics (1978)

Attribution

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