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Quote by Joan Robinson

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Essay on Marxian Economics

This book delves into the principles and concepts of Marxian economics, offering an in-depth analysis of the economic theories developed by Karl Marx and his followers. more

Author

Joan Robinson
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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“Men follow their sentiments and their self-interest, but it pleases them to imagine that they follow reason. And so they look for, and always find, some theory which, a posteriori, makes their actions appear to be logical. If that theory could be demolished scientifically, the only result would be that another theory would be substituted for the first one, and for the same purpose.”

IfsMenFirstsLooksSelfReasonWould BeActionPurposeInterestResultsImagineTheoryPleaseLogicalSentimentsImagine ThatSelf Interest
Book:Manual of political economy
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“Assume that the new elite were clearly and simply to proclaim its intentions which are to supplant the old elite; no one would come to its assistance, it would be defeated before having fought a battle. On the contrary, it appears to be asking nothing for itself, well knowing that without asking anything in advance it will obtain what it wants as a consequence of its victory.”

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Book:Manual of political economy
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