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Quote by Joan Robinson

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

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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“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.”

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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.”

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Book:THE LOGIC OF COLLECTIVE ACTION

Source: THE LOGIC OF COLLECTIVE ACTION

“We owe to democracy, at least in part, the regime of discussion with which we live; we owe it to the principal modern liberties: those of thought, press and association. And the regime of free discussion is the only one which permits the ruling class to renew itself... which eliminates that class quasi-automatically when it no longer corresponds to the interests of the country.”

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Author:Gaetano Mosca

“It is no coincidence that some of America's most lethargic industries-steel, footwear, rubber, textiles-are also among the most heavily protected.”

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“There has never in the history of the civilized world been a cohort of kids that is so little affected by adult guidance and so attuned to a peer world. We have removed grown-up wisdom and allowed them to drift into a self-constructed, highly relativistic world of friendship and peers.”

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“Pessimism is the product of a hostile social state. Its answer is the substitution of a friendly social state. If this can be done it will disappear.”

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Author:Lester Frank Ward