"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

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Joan Robinson

United Kingdom - Economist

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" A depression is a situation of self-fulfilling pessimism. "
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" Reality is never a golden age. "
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" If a rise in wages does not raise prices, a fall will not reduce them. "
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" Income from property is not the reward of waiting, it is the reward of employing a good st... "
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" It is the rate of investment which governs the rate of saving, and not vice versa. "
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" It is the business of economists, not to tell us what to do, but show why what we are doin... "
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" Progress is slow partly from mere intellectual inertia. In a subject where there is no agr... "
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" If there is any law governing the distribution of income between classes, it still remains... "
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" Time, so to say, runs at right angles to the page at each point on the curve. "
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Joan Robinson

" The nature of technology depends very much upon what the public can be induced to put up w... "
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" I began to read Capital, just as one reads any book, to see what was in it; I found a grea... "
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" The misery of being exploited by capitalists is nothing compared to the misery of not bein... "
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6

Joan Robinson

" The purpose of studying economics is not to acquire a set of ready-made answers to economi... "
Joan Robinson

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Joan Robinson

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

6

Joan Robinson

" There is no such thing as a normal period of history. Normality is a fiction of economic t... "
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All quotes by Joan Robinson

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