Keynes Quote by Joan Robinson
![“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 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]””
![“If ordinary citizens knew or ever really [understood] how our political leaders have allowed unemployment to be used as a tool for fine-tuning the inflation rate, they would throw the rascals out and demand a thorough purging of the ranks of government economists.” quote by William Vickery, Canadian Nobel laureate, The Cult of Impotence, by Linda McQuaig](https://sms4smile.com/quotes/img-quotes/15b/william-vickery-canadian-nobel_leadership_if-ordinary-citizens-knew-or-ever-really_1106167.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)
