Quote by Joan Robinson
"Efficiency in economic theory often masks inefficiency and suffering in economic reality."
More from Joan Robinson
"Economics is a science of thinking in terms of models, joined with the art of choosing models which are relevant to the contemporary world."
"The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists."
"I myself have always been rather in favour of biblical criticism and what is called the 'Higher Criticism'."
"One cannot prove that the capitalist system is either just or efficient, merely by pointing to its achievements."