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It is much easier to organize control over one industry serving many markets than over one market served by the products of several industries.

Joan Robinson

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Joan Robinson
Age: 79 †
Born: 1903
Born: October 31
Died: 1983
Died: August 5
Economist
University Teacher
Camberley
Surrey
Joan Violet Robinson
Joan Violet Maurice
Much
Serving
Several
Market
Products
Easier
Industries
Industry
Served
Control
Markets
Many
Organize

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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.
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If a rise in wages does not raise prices, a fall will not reduce them.
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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.
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Ideology is like breath: you never smell your own.
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Unemployment is a reproach to a democratic government.
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Capital' is not what capital is called, it is what its name is called.
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I do not regard the Keynesian revolution as a great intellectual triumph. On the contrary, it was a tragedy because it came so late. Hitler had already found out how to cure unemployment before Keynes had finished explaining why it occured.
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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.
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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.
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Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.
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The first essential for economists ... is to ... combat, not foster, the ideology which pretends that values which can be measured in terms of money are the only ones that ought to count.
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When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.
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A depression is a situation of self-fulfilling pessimism.
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There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.
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Marxism is the opium of the Marxists.
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Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.
Joan Robinson
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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
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I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all.
Joan Robinson
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The point of studying economics is so as not to be fooled by economists.
Joan Robinson
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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