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Quote by Joan Robinson

“When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.”

Quote by Joan Robinson

Book:Contributions to Modern Economics

Work

Contributions to Modern Economics

This book is a compilation of essays and research papers that delve into the evolution and application of economic principles in contemporary society. It covers a wide range of topics, including economic growth, market dynamics, and policy implications. more

Author

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. more

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“There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.”

Fiction Economic Periods Normal Textbooks Normality

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.”

Source: Contributions to Modern Economics

“It is impossible to add the stock of money to the flow of saving.”

Impossible Flow Add Saving

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“But, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.”

Important Influence Behaviour Speculators

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“Capital' is not what capital is called, it is what its name is called.”

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.”

Products Industry Easier Serving Organize

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.”

Waiting Property Rewards Income Employing Stockbrokers

Book:Collected economic papers

Source: Collected economic papers

“At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments - there is an ever-changing pattern of deficits and surpluses.”

Moments Government Happens Areas Trade Patterns Various Balanced Globes Deficit Surplus

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“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

“Just as there can be little doubt that labor unions are a significant political force, neither can there be much question that this political force is a by-product of the purely industrial activities that unions regard as their major function.”

Littles Political Force Doubt Products Activity Majors Labor Function Regard Unions Significant Labor Union

Book:THE LOGIC OF COLLECTIVE ACTION

Source: THE LOGIC OF COLLECTIVE ACTION