Depression Quote by Joan Robinson
“A depression is a situation of self-fulfilling pessimism.”
About This Quote
Source Essay: Economic Thought, 1940s, null
Depression can be caused by believing negative outcomes, which then become reality.
In simple terms: Pessimism can create the very situation it predicts.
Key Takeaway
Challenge negative expectations.
Themes
psychology
economics
mindset
Mood
reflective
serious
Type
philosophical
motivational
When to use this quote
- personal finance
- mental health
- policy making
- business strategy
Key Concepts
self‑fulfilling prophecy
cognitive bias
Questions to Reflect On
- How do your thoughts shape your circumstances?
- Can optimism improve economic outcomes?
A Different Perspective
Optimism and structural support can counteract pessimism.
![“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)
