Joan Robinson's disillusion with economics
AbstractIn her last public comments on the state of economics, Joan Robinson made some extraordinary remarks that conveyed profound pessimism and theoretical nihilism. To account for the bleakness of Robinson's later views on economics and economic policy this article examines her last decade. These years were marked by an array of reverses to the causes she espoused. While ill health and a propensity to be provocative coloured her disposition, her comment about economic theory disintegrating in her hands was not made casually; it was, rather, an acknowledgement that her project to integrate Keynes with the classical surplus theory had failed. This acknowledgement crystallised into her rejection of the long-period equilibrium interpretation of Keynes's theory of unemployment. At the end of her life Robinson was willing only to embrace the more traditional short-period Keynesian model grounded in uncertainty and expectations.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Review of Political Economy.
Volume (Year): 15 (2003)
Issue (Month): 4 ()
Contact details of provider:
Web page: http://www.tandfonline.com/CRPE20
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Garegnani, Pierangelo, 1979. "Notes on Consumption, Investment and Effective Demand: A Reply to Joan Robinson," Cambridge Journal of Economics, Oxford University Press, vol. 3(2), pages 181-87, June.
- J. E. King & Alex Millmow, 2003. "Death of a Revolutionary Textbook," History of Political Economy, Duke University Press, vol. 35(1), pages 105-134, Spring.
- Samuelson, Paul A, 1975. "Steady-State and Transient Relations: A Reply on Reswitching," The Quarterly Journal of Economics, MIT Press, vol. 89(1), pages 40-47, February.
- Robinson, Joan, 1979. "Garegnani on Effective Demand," Cambridge Journal of Economics, Oxford University Press, vol. 3(2), pages 179-80, June.
- Eichner, Alfred S & Kregel, J A, 1975. "An Essay on Post-Keynesian Theory: A New Paradigm in Economics," Journal of Economic Literature, American Economic Association, vol. 13(4), pages 1293-1314, December.
- Robinson, Joan, 1972. "The Second Crisis of Economic Theory," American Economic Review, American Economic Association, vol. 62(2), pages 1-10, May.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.