Joan Robinson Short Quotes

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Unemployment is a reproach to a democratic government.

Joan Robinson
A depression is a situation of self-fulfilling pessimism.

Joan Robinson
It is impossible to add the stock of money to the flow of saving.

Joan Robinson
Michal Kalecki's claim to priority of publication is indisputable.

Joan Robinson
Whatever you can rightly say about India, the opposite is also true.

Joan Robinson
If a rise in wages does not raise prices, a fall will not reduce them.

Joan Robinson
'Capital' is not what capital is called, it is what its name is called.

Joan Robinson
Why did the hunters in the Wealth of Nations exchange beavers for deer?

Joan Robinson
Time, so to say, runs at right angles to the page at each point on the curve.

Joan Robinson
It is the rate of investment which governs the rate of saving, and not vice versa.

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

Joan Robinson
Economics limps along with one foot in untested hypotheses and the other in untestable slogans.

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

Joan Robinson
Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.

Joan Robinson
The merchant had observed that the marginal utility of daughters decreases with surprising rapidity.

Joan Robinson
It is high time to abandon the mainstream and take to the turbulent waters of truly dynamic analysis.

Joan Robinson
Science progresses by trial and error, and when it is forbidden to admit error there can be no progress.

Joan Robinson
Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.

Joan Robinson
If there is any law governing the distribution of income between classes, it still remains to be discovered.

Joan Robinson
The misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.

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

Joan Robinson
Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?

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

Joan Robinson
It is the business of economists, not to tell us what to do, but show why what we are doing anyway is in accord with proper principles.

Joan Robinson
It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.

Joan Robinson
But the tygers of wrath go the other way. Do not ask me why. It is just a fact I noticed when I was looking through field glasses from a machan.

Joan Robinson
When a large part of the market for British textiles was in the colonies, a fall in the price of tea and cocoa caused unemployment in Lancashire.

Joan Robinson
Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it.... Absolute misery grows while wealth increases.

Joan Robinson
The bastard Keynesian doctrine, evolved in the United States, invaded the economic faculties of the world, floating on the wings of the almighty dollar.

Joan Robinson
The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

Joan Robinson