Joan Robinson

Economist Theorist British 1903 – 1983

Advanced imperfect competition theory and Keynesian economics.

379 quotes

"Capital accumulation without conscience leads to catastrophe."
"The role of the state is to correct market failures."
Politics
"To teach economics is to shape the future."
Leadership
"Competition can be cruel, but also can be creative."
Creativity
"The invisible hand is sometimes a closed fist."
Truth
"Labor is not a commodity like any other."
Justice
"Education is the most important investment a society can make."
Education
"Economic theory without empirical evidence is just philosophy."
Science
"Peace is the greatest economic benefit of all."
Peace
"The distribution of income is not determined by justice, but by power."
Politics
"To accept the status quo is to abandon hope for improvement."
Hope
"Freedom of thought requires freedom from economic desperation."
Freedom
"Human beings are not rational maximizers; they are social creatures."
Philosophy
"The beauty of capitalism is its efficiency; its curse is its cruelty."
Wisdom
"In economics, as in life, timing is everything."
Time
"Growth for growth's sake is the ideology of cancer."
Wisdom
"The study of economics trains the mind to think systematically."
Education
"Markets fail not because they are markets, but because they are human."
Truth
"Power without responsibility is tyranny."
Leadership
"Unemployment is not an economic problem; it is a moral catastrophe."
Justice
"The future is not predetermined; it is what we make it."
Dreams
"To change society, you must first change how people think."
Change
"Economics is ultimately about how we live together."
Philosophy
"The greatest gift is the gift of opportunity."
Kindness
"Without theory, facts are just noise."
Knowledge
"The purpose of profit is not to accumulate, but to invest."
Work
"In crisis, character is revealed."
Courage
"The law of supply and demand is not a law of nature, but a law of human behavior."
Truth
"Happiness cannot be bought; it can only be earned through meaningful work."
Happiness
"Inequality is not an accident; it is a choice."
Justice