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Quotes from Economic Heresies — Joan Robinson

1903–1983 England

← All quotes by Joan Robinson

10 quotes

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

Economic Heresies (1971)

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

Economic Heresies (1971)

A depression is a situation of self-fulfilling pessimism.

Economic Heresies (1971)

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)

Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.

Economic Heresies (1971)

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.

Economic Heresies (1971)

Rosa Luxemburg maintained that the capitalist system can keep up its rate of investment (and therefore its profits) only so long as it is expanding geographically.

Economic Heresies (1971)

Reality is never a golden age.

Economic Heresies (1971)

When a large part of the market for British textiles was in the colonies, a fall in the price of tea and cocoa caused unemployment in Lancashire.

Economic Heresies (1971)

There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.

Economic Heresies (1971)

Attribution

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