“The analysis of the /General Theory /shows that inflation is a real, not a monetary, phenomenon. It operates in two stages (once more giving a crudely simple account of an intricate process). An increase in effective demand meeting an inelastic… — Joan Robinson Copy Share
The very nature of economics is rooted in nationalism. ... It [was] developed ... in the hope of throwing light upon questions of policy.… — Joan Robinson Copy Share Image
Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done. — Joan Robinson Copy Share Image
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 Copy Share Image
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 Copy Share Image
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 Copy Share Image
science progresses by trial and error, and when it is forbidden to admit error there can be no progress. — Joan Robinson Copy Share Image
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 Copy Share Image
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 Copy Share Image
Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases. — Joan Robinson Copy Share Image
“After the war, when the problem of deficient effective demand seemed to have faded into the background, a fresh question came to the fore — long-run development. The change arose partly from the internal evolution of economics as an academic subject. The solution of one problem opens up the next; once Keynes’ short-period theory had been established, in which investment… — Joan Robinson Copy Share
![“The very nature of economics is rooted in nationalism. ... It [was] developed ... in the hope of throwing light upon questions of policy. But policy means nothing unless there is an authority to carry it out, and authorities are national.” quote by Joan Robinson](https://sms4smile.com/quotes/img-quotes/eba/joan-robinson-11438_authority_the-very-nature-of-economics-is-rooted-i_15974.jpg)
