“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.”
Quote by Joan Robinson
Work
Economic heresies: some old-fashioned questions in economic theory
This book delves into various unconventional ideas and questions within the field of economic theory, offering a critical examination of traditional economic concepts. more
Author
Joan Robinson
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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“The nature of technology depends very much upon what the public can be induced to put up with.”
Source: Economic heresies: some old-fashioned questions in economic theory
Source: Economic heresies: some old-fashioned questions in economic theory
Source: Contributions to Modern Economics
Source: Contributions to Modern Economics
Source: Contributions to Modern Economics
“It is impossible to add the stock of money to the flow of saving.”
Source: Contributions to Modern Economics
Source: Contributions to Modern Economics
“Capital' is not what capital is called, it is what its name is called.”
Source: Contributions to Modern Economics
Source: Contributions to Modern Economics
Source: Collected economic papers