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Joan Robinson and the reconstruction of economic theory

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  • Nuno Ornelas

Abstract

Joan Robinson provided numerous contributions to economic theory, ranging from her earlier approach to imperfect competition to her participation in the Keynesian revolution, which had a significant influence in the Cambridge heterodox wing, and Post-Keynesianism. But towards the end of her life, her rejection of received theories was great enough to be often interpreted as a form of theoretical nihilism. However, at this stage she also outlined a radical project for a reconstruction of economic theory, drawing on her notion of historical time, while placing distribution at the centre of economic theory. This later project of a reconstruction of economic theory is revisited here, focussing on the various difficulties it faced, and its overall significance and impact.

Suggested Citation

  • Nuno Ornelas, 2023. "Joan Robinson and the reconstruction of economic theory," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 47(5), pages 883-907.
    • Handle: RePEc:oup:cambje:v:47:y:2023:i:5:p:883-907.
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    File URL: http://hdl.handle.net/10.1093/cje/bead018
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