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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.

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
First
Essentials
Foster
Terms
Economist
Ones
Measured
Ought
Combat
Term
Count
Values
Ideology
Money
Economics
Pretends
Firsts
Essential
Economists

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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.
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Unemployment is a reproach to a democratic government.
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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.
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owning capital is not a productive activity.
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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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If a rise in wages does not raise prices, a fall will not reduce them.
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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.
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Unequal distribution of income is an excessively uneconomic method of getting the necessary saving done.
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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 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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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.
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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.
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Capital' is not what capital is called, it is what its name is called.
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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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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.
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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.
Joan Robinson
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The point of studying economics is so as not to be fooled by economists.
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A depression is a situation of self-fulfilling pessimism.
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Ideology is like breath: you never smell your own.
Joan Robinson