Joan Robinson Quotes

Enjoy the top 46 famous quotes, sayings and quotations by Joan Robinson.

Joan Robinson Quotes

Utility is a metaphysical concept of impregnable circularity; utility is the quality in commodities that makes individuals want to buy them, and the fact that individuals want to buy commodities shows that they have utility.
— Joan Robinson —

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

— Joan Robinson

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

— Joan Robinson

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

— Joan Robinson

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

The very nature of economics is rooted in nationalism ... It [was] developed ... in the hope of throwing light upon questions of policy. But policy means nothing unless there is an authority to carry it out, and authorities are national.

— Joan Robinson

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

— Joan Robinson

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.

— Joan Robinson

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.

— 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

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

— Joan Robinson

The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.

— 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

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

— Joan Robinson

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.

— Joan Robinson

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

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