Joan Robinson

Economics British 1903 – 1983 99 quotes

A prominent Post-Keynesian economist who contributed to theories of imperfect competition and capital accumulation.

Quotes by Joan Robinson

Economics is a subject that should not be left to economists.

Interview 1975

Profit is not the purpose of enterprise, but rather the test of its validity.

Book 1931

The world is full of willing people; some willing to work, the rest willing to let them.

Speech 1949

In the long run, we are all dead economists.

Book 1936

Monopoly is a hideous thing, but so is competition.

Book 1948

The measure of a society's progress is not how much it produces, but how well it distributes.

Speech 1964

Economics without ethics is a form of madness.

Book 1973

The invisible hand is often a pickpocket.

Interview 1952

Growth for what? That is the question we must answer.

Book 1977

The market is a mechanism, not a deity.

Book 1945

Poverty is not a misfortune, it is an injustice.

Speech 1969

In economics, as in life, the road to hell is paved with good intentions.

Letter 1958

The rate of interest is the price of money, but money has no price.

Book 1937

We live in a world where the rich get richer, and the poor get theories.

Interview 1970

The essence of capitalism is to turn nature into commodities and commodities into capital.

Book 1953

Happiness is not found in accumulation, but in distribution.

Speech 1962

Economists are like dentists: they both work on the nerves.

Letter 1940

The future is not what it used to be in economic forecasts.

Book 1974

Imperfect competition is the rule, perfect competition the exception.

Book 1933

Liberty without equality is a farce.

Speech 1959