Joan Robinson Quote

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

Chapter 5, The Rate of Interest, p. 46 - Contributions to Modern Economics (1978)

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

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

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

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