Quotes by Joan Robinson

Joan Robinson

A depression is a situation of self-fulfilling pessimism.

Economics

Pessimism

Self

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.

Complaining

Hearing

Orthodoxy

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.

Economy

May

Views

At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments – there is an ever-changing pattern of deficits and surpluses.

Government

Moments

Patterns

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

Behaviour

Important

Influence

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

Names

Capitalism with near-full employment was an impressive spectacle. But a growth in wealth is not at all the same thing as reducing poverty. A universal paean was raised in praise of growth. Growth was going to solve all problems. No need to bother about poverty. Growth will lift up the bottom and poverty will disappear without any need to pay attention to it. The economists, who should have known better, fell in with the same cry.

Growth

Needs

Should Have

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.

Hats

Rabbits

Views

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

Economics

Feet

Hypothesis

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.

Lying

Overcoming

Running

Follow The Behaviour University in order to get the greatest quotes from the greatest people of all time so that you can tap into your own greatness.

Activity

Add

Age

Air

Answers

Behaviour

Breaths

Business

Cancer

Capitalism

Capitalist

Car

Choices

Circularity

Class

Complaining

Deceit

Democratic

Depends

Details

Doe

Done

Easier

Economic

Economics

Economist

Economy

Elements

Energy

Entrepreneur

Errors

Essentials

Fall

Feet

Fiction

Firsts

Flow

Gaps

Giving

Gold

Golden

Government

Growth

Hatred

Hats

Hearing

Hypothesis

Ideas

Ideology

Important

The Future Blueprint

Tool

The Home Therapist: Anti Anxiety

Tool

The Autobiography

Tool

The Behaviour Diary

Tool

The Dating Diary

Tool

The Relationship Therapist

Tool

Quotes by Joan Robinson

Joan Robinson

A depression is a situation of self-fulfilling pessimism.

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.

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.

At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments – there is an ever-changing pattern of deficits and surpluses.

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

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

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.

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

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.

Get Social with TBU

Topics by Joan Robinson

Popular Tools

The Future Blueprint

The Home Therapist: Anti Anxiety

The Autobiography

The Behaviour Diary

The Dating Diary

The Relationship Therapist

Menu

Menu