Called Quote by Joan Robinson
“Capital' is not what capital is called, it is what its name is called.”
About This Quote
Source Book: Economics and the Theory of Value, 1933
The name of capital is a label, not the thing itself; language shapes economic concepts.
In simple terms: Names are labels, not realities.
Question underlying assumptions.
Themes
Mood
Type
When to use this quote
- policy analysis
- academic debate
- education
Key Concepts
Questions to Reflect On
- What does this reveal about economic language?
- How does naming influence perception?
May oversimplify complex economic structures.