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...
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.
growth poverty overcoming
Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.
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.
saving vices investment
It is the rate of investment which governs the rate of saving, and not vice versa.
law class income
If there is any law governing the distribution of income between classes, it still remains to be discovered.
next theory prognosis
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.
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.
nature money work
The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.
sheep giving hatred
Voltaire remarked that it is possible to kill a flock of sheep by witchcraft if you give them plenty of arsenic at the same time. The sheep, in this figure, may well stand for the complacent apologists of capitalism; Marx's penetrating insight and bitter hatred of oppression supply the arsenic, while the labour theory of value provides the incantations.
cancer vaccines risk
I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all.
money economics activity
owning capital is not a productive activity.
air car choices
Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?