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Quote by Joan Robinson

“The nature of technology depends very much upon what the public can be induced to put up with.”

Quote by Joan Robinson

Book:Economic heresies: some old-fashioned questions in economic theory

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 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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“Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.”

Ifs Stills Shows Problem Running Lying Purpose Modern Capitalism Overcoming Crisis Prosperity Deeper Looming

Book:Economic heresies: some old-fashioned questions in economic theory

Source: Economic heresies: some old-fashioned questions in economic theory

“When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.”

Ideas Economics October Cambridge

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.”

Fiction Economic Periods Normal Textbooks Normality

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“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.”

Source: Contributions to Modern Economics

“It is impossible to add the stock of money to the flow of saving.”

Impossible Flow Add Saving

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

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

Important Influence Behaviour Speculators

Book:Contributions to Modern Economics

Source: Contributions to Modern Economics

“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