Joan Robinson

Economist Theorist British 1903 – 1983

Advanced imperfect competition theory and Keynesian economics.

379 quotes

"To remain relevant, institutions must adapt to new realities."
Change
"The real tragedy of the poor is the poverty of their aspirations."
Wisdom
"Economics is a science of thinking in terms of models joined to the art of choosing models which are relevant to the contemporary world."
"One cannot study economics seriously without attempting to understand the world as it actually exists."
Knowledge
"The purpose of studying economics is not to acquire a set of handy rules for policy, but to learn how to avoid being deceived by economists."
Education
"Equilibrium is a concept that belongs to the physical sciences, not to history."
Philosophy
"The accumulation of capital is never innocent; it is always built upon the exploitation of labor."
Justice
"To accept the doctrine is to accept a system of thought in which the blind lead the blind."
Truth
"Innovation requires the courage to question what everyone assumes to be true."
Courage
"The greatest impediment to progress is the illusion that we already understand."
Wisdom
"Economic theory without history is sterile; history without economic theory is blind."
Knowledge
"Freedom in economic matters is often a mask for the freedom to exploit."
Freedom
"Society advances when individuals dare to think beyond the boundaries of convention."
Change
"The most dangerous assumption is that the status quo is inevitable."
Wisdom
"To understand capitalism, one must first understand its contradictions."
Philosophy
"Power is not merely economic; it is the ability to shape the narratives others believe."
Power
"True knowledge begins when we acknowledge the limits of our understanding."
Knowledge
"Progress is not a natural law; it must be fought for with intellectual rigor and moral courage."
Perseverance
"The pretense of scientific certainty in economics masks profound ignorance about human behavior."
Science
"One must learn to think historically about every economic problem."
Education
"Complacency is the enemy of both scholarship and justice."
Courage
"The role of the intellectual is to disturb the comfortable and comfort the disturbed."
Leadership
"Markets are not natural phenomena; they are constructed by human institutions and power."
Philosophy
"To challenge orthodoxy requires not arrogance but humility before the complexity of reality."
Wisdom
"Economic growth without ethical purpose is mere accumulation."
Success
"The scholar's greatest responsibility is to speak truth to power."
Truth
"Conventional wisdom is often conventional because those in power find it convenient."
Justice
"Learning is not the passive reception of information but active engagement with ideas."
Education
"The gap between theory and reality is often where the most important truths hide."
Knowledge
"One cannot understand the present without grappling seriously with the past."
History