The Economics of Joan Robinson

Abstract

Even before the outbreak of the Second World War, Joan Robinson had already made such contributions to economic theory that guaranteed her a place in the history of economic thought. Her book on imperfect competition and her work, in close association with Keynes, on the theory of employment and output, were at the forefront of economic thinking in these ‘years of high theory’ (Shackle, 1967). Her work since then has covered most aspects of economic theory culminating in her books on the analysis of growth and in her attack on the neoclassical theory of capital and interest in the 1950s and 1960s. It is impossible, in a brief paper, properly to survey Joan Robinson’s work. This is not only because of its volume (her essays are collected in 1951, 1964, 1965, 1973) and variety but also because of its contrast to the dominant and familiar modes of thought in economics. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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