Capitalism Quotes by Joan Robinson

The very nature of economics is rooted in nationalism. ... It [was] developed ... in the hope of throwing light upon questions of policy.…

— Joan Robinson

Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.

— Joan Robinson

we make a great fuss about national conscience, but it consists mainly in insisting upon everyone ascribing our national policy to highly moral motives,…

— Joan Robinson

Marx, however imperfectly he worked out the details, set himself the task of discovering the law of motion of capitalism, and if there is…

— Joan Robinson

Economic theorists should not make such a production about taking a rabbit out of a hat after having put the rabbit into the hat…

— Joan Robinson

science progresses by trial and error, and when it is forbidden to admit error there can be no progress.

— Joan Robinson

Marxism is the opium of the Marxists.

— Joan Robinson

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire,…

— Joan Robinson

It's a terrible thing to be a worker exploited in the capitalist system. The only worse thing is to be a worker unable to…

— Joan Robinson

Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.

— Joan Robinson

Reality is never a golden age.

— Joan Robinson

“After the war, when the problem of deficient effective demand seemed to have faded into the background, a fresh question came to the fore…

— Joan Robinson

In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of…

— Joan Robinson

I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late.…

— Joan Robinson

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…

— Joan Robinson