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Joan Robinson Quotes

Economist

Joan Robinson was a British economist renowned for her work on imperfect competition theory and labor theory of value. Her contributions have had a profound impact on the development of economics.

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Famous Joan Robinson Quotes

“Voltaire remarked that it is possible to kill a flock of sheep by witchcraft if you give them plenty of arsenic at the same time. The sheep, in this figure, may well stand for the complacent apologists of capitalism; Marx's penetrating insight and bitter hatred of oppression supply the arsenic, while the labour theory of value provides the incantations.”

Ifs Giving Wells May Values Figures Theory Capitalism Hatred Insight Oppression Bitter Plenty Labour Sheep Witchcraft Flocks Complacent Arsenic

Book:Essay on Marxian Economics

Source: Essay on Marxian Economics

“There is an unearthly, mystical element in Friedman's thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.”

Made Existence Theory Offers Elements Mere Mystical Borrowed Expenditures Keynes

Book:Economic heresies: some old-fashioned questions in economic theory

Source: Economic heresies: some old-fashioned questions in economic theory

“It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next.”

Seems Happens Next Left Particular Theory Capitalism Fulfilled Prognosis

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy.”

Failing Theory Economics Crisis Hearing Complaining Characteristics Orthodoxy Crank

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics