joan robinson

Free Trade? Heterodox Dissent

25 April 2015

One of the most important message of this blog is that “free trade” is quite devastating to economies. In a recent article Economists Actually Agree on This: The Wisdom of Free Trade for The New York Times, Greg Mankiw once again pushes for free trade and also mentions that there is consensus in the profession. Many of […]


The Writings Of Joan Robinson

4 March 2014

Maria Cristina Marcuzzo has a bibliography of Joan Robinson at her website. The scan is from a 7-volume set published by Palgrave Macmillan titled Joan Robinson: Writings on Economics. An earlier version appeared in the book The Economics Of Joan Robinson edited by Maria Cristina Marcuzzo, Luigi L. Pasinetti and Alessandro Roncaglia (Google Books link) (photography via NPG, London) […]


Nice Thomas Palley Interview

31 January 2014

Here’s a nice Tom Palley interview from yesterday with Erin Ade for the program Boom Bust where he touches on various economic issues of recent years for the United States and consequently for the rest of the world such as the global race to the bottom. (h/t Matias Vernengo): The interview points out the different […]


Joan Robinson On Economists

30 January 2014

I managed to get hold of Joan Robinson’s article Marx, Marshall And Keynes, published by the Delhi School of Economics as Occasional Paper No. 9 in 1955 based on lectures given by her at the School and republished in her Collected Economic Papers, Volume II. It is an interesting essay on economists in general via analysing […]


New Book By Felipe And McCombie

21 January 2014

The production function has been a powerful instrument of miseducation. – Joan Robinson (1953–54), The Production Function and the Theory of Capital, Review of Economic Studies, vol. 21(2), pp. 81–106. (jstor) … that is how Jesus Felipe and John McCombie begin their new book The Aggregate Production Function and the Measurement of Technical Change. I have observed that […]


Happy New Year 2014

1 January 2014

Here’s wishing the readers a happy new year. May you (and I) have a prosperous year ahead and learn more about the shell game of economists! Good time to talk briefly about time. Joan Robinson was perhaps the best critic of neoclassical economics and she did this by attacking the very basic concepts of mainstream […]


Happy Holidays

24 December 2013

Here’s wishing the readers of this blog a happy holiday break.  via I can never repeat this often enough – always remember: 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. – Joan Robinson, 1955, “Marx, Marshall […]


Manmohan Violet Singh

3 August 2013

In a short recent speech, the Indian Prime Minister – the great man who steered the direction of the Indian economy in the early 1990s – says: The purpose of the study of economics is not to provide settled answers to unsettled and difficult questions, but sometimes to warn economists and the world-at-large, how not to […]


There Is No Such Thing As A “Purely Economic” Problem That Can Be Settled By Purely Economic Logic

19 July 2013

… and politics and ideology will seep into it. Tom Hickey writes a nice reply to Noah Smith’s blog post How Normal People See Macroeconomics. Smith says: I’ve been thinking about these differences for a while, and I’ve reached two major conclusions: 1. Normal people see macro as inherently political. 2. Normal people see macro […]


Games Economists Play

21 April 2013

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. – Joan Robinson, 1955, “Marx, Marshall And Keynes”, Occasional Paper No. 9, The Delhi School of Economics, University Of Delhi, Delhi. It is fun to watch what economists have to say after […]