“Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.”
Quote by Joan Robinson
Work
The Second Crisis of Economic Theory: And Other Selected Papers from the American Economic Meeting, December 27-29, 1971
The Second Crisis of Economic Theory: And Other Selected Papers from the American Economic Meeting, December 27-29, 1971 is a collection of scholarly works that explore the complexities and challenges within economic theory. The book covers a range of topics, including discussions on the second crisis in economic theory, as well as other significant papers presented during the American Economic Meeting. These papers offer insights into the state of economic thought and the debates surrounding it at the time of the conference. 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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