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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

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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“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.”