Joan Robinson, Economics

Joan Robinson, Economics

Joan Robinson 1903 - 1983

Regarded as one of the renowned economists of past, Joan (Violet) Robinson was not only famous, but was one of the few female economists. She grew up in Surrey – England (born 1903), and graduated in 1925 from Girton College, Cambridge. Shortly afterwards, she married fellow economist Austin Robinson, and then moved on to be a lecturer for economics at the University of Cambridge. The then returned to become a full professor of Girton College in 1958, and four years before her death (which was in 1983), she became the first ever female member of King’s College in Cambridge, one of the branches of the University of Cambridge.

Robinson was often described as not being the type to develop a single theory, but rather to produce many. She was perhaps most famous for pursuing Karl Marx’s work, and her 1942 ‘Essay on Marxian Economics’ proved to be a platform for Marx himself to emerge on. Robinson’s essay was no doubt the reason for people to take another view on his work, and perhaps revive it and send it into political debate.

1956 saw Robinson’s book ‘Accumulation of Capital’ published. This was virtually an extension of Keynes’ theory of growth and capital accumulation. Noticing the blunt similarities of her work and his, a fellow named Nicholas Kaldor partnered up with Robinson and together they formed the Cambridge Growth Theory.

In Robinson’s later life, she strayed away from her commonly studied monetary economics, and started taking an interest in underdeveloped and developing countries, including China. However, Joan’s supportive views of the Chinese Cultural Revolution not only embarrassed many friends and enemies, but it may have also cost her a Nobel Prize in Economics. This was later seen as one of the biggest ‘oversights’ of economics; or some may call it one of the most shocking intentional neglects.
  • Nature Of Firms
    asked of a set of assumptions in economics are: Are they tractable? and: Do they correspond with the real world?"3 Though, as Mrs. Robinson points out, "More often...
  • Monopoly
    The Theory of Monopolistic Competition, Harvard University Press, 1969 Joan Robinson, Economics of Imperfect competition, Cambridge University Press, 1987...
  • Rbv Coase
    idea of the margin and that of substitution, together giving the idea of substitution at 1 Joan Robinson, Economics is a Serious Subject, p. 2 12. See N. Kaldor...
  • Forcasting Economic Events And Econimists
    government should spend less. Joan Robinson (1903-1983) Born Joan Violet Maurice in Surrey, England She studied economics at Girton College, Cambridge...
  • Economics
    associated with Cambridge, England and the work of Joan Robinson. New-Keynesian economics The other school associated with developments in the Keynesian fashion...
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