“After the war, when the problem of deficient effective demand seemed to have faded into the background, a fresh question came to… — Joan Robinson Copy Share Image
I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came… — Joan Robinson Copy Share Image
“The analysis of the /General Theory /shows that inflation is a real, not a monetary, phenomenon. It operates in two stages (once… — Joan Robinson Copy Share Image
“In some ways the most striking novelty in Keynesian doctrine was that (abstracting from effects on foreign trade) an all-round reduction in… — Joan Robinson Copy Share Image
“In the last chapter of the /General Theory, /quoted above,^35 he [Keynes] falls into the fallacy of supposing that there is some… — Joan Robinson Copy Share Image
“The /utility /economists, according to Wicksell, were committed to a “thoroughly revolutionary programme” precisely on this question of distribution of income.^9 Marshall,… — Joan Robinson Copy Share Image
There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar… — Joan Robinson Copy Share Image
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… — Joan Robinson Copy Share Image
![“In some ways the most striking novelty in Keynesian doctrine was that (abstracting from effects on foreign trade) an all-round reduction in wages would not reduce unemployment and (introducing Kalecki’s elaboration) would actually be likely to increase it. [p. 129]” quote by Joan Robinson](https://sms4smile.com/quotes/img-quotes/e9b/joan-robinson-11438_keynes_in-some-ways-the-most-striking-novelty-i_628471.jpg)
![“In the last chapter of the /General Theory, /quoted above,^35 he [Keynes] falls into the fallacy of supposing that there is some kind of /neutral /policy that a Government can pursue, to maintain effective demand in general, without having any influence upon any particular demand for anything. The…” quote by Joan Robinson](https://sms4smile.com/quotes/img-quotes/acb/joan-robinson-11438_effective-demand_in-the-last-chapter-of-the-general-theor_783949.jpg)
![“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)
