Joan Robinson Quotes.
Whatever you can rightly say about India, the opposite is also true.
New ideas are difficult just because they are new. Repetition has somehow plastered over the gaps and inconsistencies in the old ones, and the new cannot penetrate.
science progresses by trial and error, and when it is forbidden to admit error there can be no progress.
Where is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?
The only thing worse than being exploited by capitalism is not being exploited by capitalism.
There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.
I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.
Unemployment is a reproach to a democratic government.
Economic theorists should not make such a production about taking a rabbit out of a hat after having put the rabbit into the hat in full view of the audience.
One of the main effects (I will not say purposes) of orthodox traditional economics was … a plan for explaining to the privileged class that their position was morally right and was necessary for the welfare of society.
economics limps along with one foot in untested hypotheses and the other in untestable slogans.
If a rise in wages does not raise prices, a fall will not reduce them.
Reality is never a golden age.
The point of studying economics is so as not to be fooled by economists.
It’s a terrible thing to be a worker exploited in the capitalist system. The only worse thing is to be a worker unable to find anyone to exploit you.
Ideology is like breath: you never smell your own.
Marxism is the opium of the Marxists.
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.
There is an unearthly, mystical element in Friedman’s thought. The mere existence of a stock of money somehow promotes expenditure. But insofar as he offers an intelligible theory, it is made up of elements borrowed from Keynes.
The first essential for economists … is to … combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count.
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.
The nature of technology depends very much upon what the public can be induced to put up with.