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 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 ec… - Joan Robinson
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 ec…
- Joan Robinson
Ideology is like breath: you never smell your own. - Joan Robinson
Ideology is like breath: you never smell your own.
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 … - 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 …
Marxism is the opium of the Marxists. - Joan Robinson
Marxism is the opium of the Marxists.
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 universa… - Joan Robinson
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 universa…
The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money … - Joan Robinson
The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money …
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
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.
The point of studying economics is so as not to be fooled by economists. - Joan Robinson
The point of studying economics is so as not to be fooled by economists.
Reality is never a golden age. - Joan Robinson
Reality is never a golden age.
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