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Joan Robinson Quotes

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Joan Robinson Quotes: "The only thing worse than being exploited by capitalism is not being exploited by capitalism."

The only thing worse than being exploited by capitalism is not being exploited by capitalism.



Joan Robinson Quotes: "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."

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.




Joan Robinson Quotes: "Ideology is like breath: you never smell your own."

Ideology is like breath: you never smell your own.



Joan Robinson Quotes: "The point of studying economics is so as not to be fooled by economists."

The point of studying economics is so as not to be fooled by economists.




Joan Robinson Quotes: "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."

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.



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

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



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

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




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

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



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

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



Joan Robinson Quotes: "economics limps along with one foot in untested hypotheses and the other in untestable slogans."

economics limps along with one foot in untested hypotheses and the other in untestable slogans.



Joan Robinson Quotes: "Unemployment is a reproach to a democratic government."

Unemployment is a reproach to a democratic government.



Joan Robinson Quotes: "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."

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.




Joan Robinson Quotes: "Marxism is the opium of the Marxists."

Marxism is the opium of the Marxists.



Joan Robinson Quotes: "I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all."

I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all.



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

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



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

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

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 Quotes: "owning capital is not a productive activity."

owning capital is not a productive activity.



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

A depression is a situation of self-fulfilling pessimism.



Joan Robinson Quotes: "Reality is never a golden age."

Reality is never a golden age.



Joan Robinson Quotes: "It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next."

It seems that neither the Keynesian nor the Marxian prognosis of the future of capitalism is being fulfilled and we are left without any particular theory as to what will happen next.



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

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 Quotes: "A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy."

A sure sign of a crisis is the prevalence of cranks. It is characteristic of a crisis in theory that cranks get a hearing from the public which orthodoxy is failing to satisfy.



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

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



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

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



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

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



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

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



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

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



Joan Robinson Quotes: "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."

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 Quotes: "Rosa Luxemburg maintained that the capitalist system can keep up its rate of investment (and therefore its profits) only so long as it is expanding geographically."

Rosa Luxemburg maintained that the capitalist system can keep up its rate of investment (and therefore its profits) only so long as it is expanding geographically.



Joan Robinson Quotes: "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.



Joan Robinson Quotes: "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."

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.



Joan Robinson Quotes: "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."

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.



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

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



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

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



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

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



Joan Robinson Quotes: "An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock it out of equilibrium."

An economy may be in equilibrium from a short-period point of view and yet contain within itself incompatibilities that are soon going to knock it out of equilibrium.



Joan Robinson Quotes: "In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation."

In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.