Contrary Quote by 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. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.” quote by Joan Robinson — Download Open image

“I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.”

Joan Robinson

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Contrary Cures Economist Explaining Finished Found Intellectual Keynes Late Regard Revolution Tragedy Triumph Unemployment

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

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Marxism is the opium of the Marxists.

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

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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…

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

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Reality is never a golden age.

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“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…

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