The Economics of Joan Robinson


Book Description

Joan Robinson is widely regarded as the greatest female economist. Her published work spanned six decades and is analysed here by a distinguished, international team of scholars.







Economic Philosophy


Book Description

"Economics has always been partly a vehicle" for the ruling ideology of each period as well as partly a method of scientific investigation. It limps along with one foot in untested hypotheses and the other in untestable slogans. Here our task is to sort out as best we may this mixture of ideology and science."With these provocative words, Joan Robinson introduces this lively and iconoclastic book. "In what follows," she says, "this theme is illustrated by reference to one or two of the leading ideas of the economists from Adam Smith onwards, not in a learned manner, tracing the development of thought, nor historically, to show how ideas arose out of the problems of each age, but rather an attempt to puzzle out the mysterious way that metaphysical propositions, without any logical content, can yet be a powerful influence on thought and action."Robinson is responsible for some of the most austerely professional contributions to economic theory, but here in effect she takes the reader behind the scenes and cheerfully exposes the dogmatic content of economic orthodoxy. In its place, she offers the possibility that with obsolete metaphysics cleared out of the way economics can make a substantial advance toward science. .




Joan Robinson: Writings on Economics


Book Description

Joan Robinson was one of the most prominent economists of the century. She made fundamental contributions to many different areas of economic thought. She studied economics at Girton College Cambridge, graduating in 1925. During the 1930's she published three books and participated in Keynes 'Circus'. Her early contributions to economics were extensions of neo-classical theory, and in 1933 she introduced the theory of imperfect competition. She became an ardent follower of Keynes and produced expositions of his theory. She was one of the first economists to take Marx seriously as an economist. She became Reader in Economics at Cambridge in 1956, and in the same year she published The Accumulation of Capital - in which she began to extend Keynes theory, in particular to take into consideration long-run issues of growth and capital accumulation. Her work on growth theory in 1962, alongside Nicholas Kaldor, led to them developing the Cambridge Growth Theory. She became the first ever female Fellow of Kings College, Cambridge in 1979. This collection of her writings is an excellent testament to the depth and breadth of the impact she had on economic theory as a whole.







Joan Robinson's Economics


Book Description

On the 100th anniversary of the birth of one of the 20th century's most accomplished and controversial economists, scholars from around the world reflect on the legacy of Joan Robinson's work. Addressing Robinsonian themes in growth, money, trade and methodology, their essays provide fresh perspectives on old questions. Joan Robinson's first priority was not theoretical perfection or abstract rigor. The arcane debates of the profession had little practical relevance and became increasingly tedious to her. Ironically, much of current economic theory embraces the realism she was striving toward. Indeed, as the essays in this volume show, she was in many ways ahead of her time. The volume begins by tracing the intellectual contours of her work and discussing the people and events that shaped her thinking. The succeeding chapters address her theories on accumulation, capital, and equilibrium, her interpretation of Marx, as well as the influence of Piero Sraffa. Several chapters analyze and extend her theory of growth, illustrating the wide applicability of her approach. A compelling exploration of Joan Robinson's contributions, this volume will be of great interest to scholars interested in growth, income distribution, post-Keynesian economics, macroeconomics, history of thought, money, capital theory, international trade and finance.




Neo-Marxism and Post-Keynesian Economics


Book Description

Piero Sraffa and Joan Robinson, both iconic Cambridge economists, were highly influenced by the economic theory of Karl Marx, and integrated important elements of Marx’s economic system into their theories. This book argues, based on published and unpublished documents, that the work of Sraffa and Robinson can in fact be considered as essentially post-Keynesian neo-Marxist. The first part of the book reviews the intellectual development of several key thinkers to this neo-Marxist current in economic thought: Kalecki, Steindl, Baran and Sweezy. Part One and Part Two separately examine Robinson and Sraffa’s works and questions how they fit into this specific neo-Marxist current, either building on it (in Robinson’s case), or following another direction (in Sraffa’s case). Part Three observes Robinson’s theory of economic growth and its relationship to the views of Marx and Kalecki. Overall, Cuyvers demonstrates how their thought processes share characteristics with neo-Marxist key ideological ideas, such as stating or implying the labour theory of value as either redundant or wrong, emphasising the role of class struggle in the distribution of income and rejecting Marx’s falling rate of profits. Following on from ideas briefly introduced in Cuyvers’s Economic Ideas of Marx’s Capital (2017), this book will particularly appeal to readers interested in the history of economic thought, the work of Sraffa, Robinson and Marx, post-Keynesian economics and neo-Marxism.




The Provocative Joan Robinson


Book Description

One of the most original and prolific economists of the twentieth century, Joan Robinson (1903–83) is widely regarded as the most important woman in the history of economic thought. Robinson studied economics at Cambridge University, where she made a career that lasted some fifty years. She was an unlikely candidate for success at Cambridge. A young woman in 1930 in a university dominated by men, she succeeded despite not having a remarkable academic record, a college fellowship, significant publications, or a powerful patron. In The Provocative Joan Robinson, Nahid Aslanbeigui and Guy Oakes trace the strategies and tactics Robinson used to create her professional identity as a Cambridge economist in the 1930s, examining how she recruited mentors and advocates, carefully defined her objectives, and deftly pursued and exploited opportunities. Aslanbeigui and Oakes demonstrate that Robinson’s professional identity was thoroughly embedded in a local scientific culture in which the Cambridge economists A. C. Pigou, John Maynard Keynes, Dennis Robertson, Piero Sraffa, Richard Kahn (Robinson’s closest friend on the Cambridge faculty), and her husband Austin Robinson were important figures. Although the economists Joan Robinson most admired—Pigou, Keynes, and their mentor Alfred Marshall—had discovered ideas of singular greatness, she was convinced that each had failed to grasp the essential theoretical significance of his own work. She made it her mission to recast their work both to illuminate their major contributions and to redefine a Cambridge tradition of economic thought. Based on the extensive correspondence of Robinson and her colleagues, The Provocative Joan Robinson is the story of a remarkable woman, the intellectual and social world of a legendary group of economists, and the interplay between ideas, ambitions, and disciplinary communities.




A Modern Guide to Financial Shocks and Crises


Book Description

Offering a comprehensive guide to financial shocks and crises, this book explores their increasing occurrence in current market economies, as well as their power to wrench the macroeconomy. The book discusses three critical questions: what causes financial shocks; which channels may exacerbate their impact; and what policies could help avoid them or limit their negative effect on the economy and society at large.




What are the Questions?


Book Description

15 Piero Sraffa: Production of Commodities by Means of Commodities -- 16 Gunnar Myrdal: Against the Stream -- ASPECTS OF MARXISM -- 17 Marxism: Religion and Science -- 18 An Open Letter from a Keynesian to a Marxist -- 19 The Organic Composition of Capital -- 20 The Labour Theory of Value -- 21 Marxism and Modern Economics