Joan Robinson
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Joan Violet Robinson (1903 in Surrey - 1983) was a Keynesian economist who was well known for her knowledge of monetary economics and wide-ranging contributions to economic theory.
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[edit] Biography
Robinson was educated at St. Paul's Girls' School, London, and at Girton College, Cambridge, and got married, immediately after graduation in 1925, to economist Austin Robinson. In 1937, she became a lecturer in economics at the University of Cambridge. She joined the British Academy in 1958 and was then elected fellow of Newnham College in 1962. In 1965 she was given the position of full professor and fellow of Girton College. In 1979, just four years before she died, she became the first female fellow of King's College.
Initially a supporter of neoclassical economics, she changed her mind after getting acquainted with John Maynard Keynes. As a member of the "Cambridge School" of economics, Robinson assisted with the support and exposition of Keynes' General Theory, writing especially on its employment implications in 1936 and 1937 (in the midst of the Great Depression it tried to explain).
In 1942 Robinson's An Essay on Marxian Economics famously concentrated on Karl Marx as an economist, helping revive the debate on this aspect of his legacy.
During the Second World War, Joan Robinson worked on a few different Committees for the wartime national government. During this time, she visited the Soviet Union as well as China. She developed an interest in underdeveloped and developing nations and contributed a lot that is now understood in this section of economics.
In 1949, she was invited by Ragnar Frisch to become the vice president of the Econometric Society but declined because she couldn't be part of the editorial committee on a journal she couldn't read.
In 1956, Joan Robinson published her magnum opus, The Accumulation of Capital, which extended Keynesianism into the long-run. Six years later, she published another book about the growth theory, which talked about concepts of "Golden Age" growth paths. Afterwards, she worked together with Nicholas Kaldor and developed the Cambridge growth theory with him.
Close to the end of her life she studied and concentrated on methodological problems in economics and tried to recover the original message of Keynes' General Theory. Between 1962 and 1980 she wrote many books to try and bring several economic theories to the general public. Robinson suggested developing an alternative to the revival of classical economics (see neo-liberalism).
Also, Robinson made several trips to China, reporting her observations and analyses in China: An Economic Perspective (1958), The Cultural Revolution in China (1969), and Economic Management in China (1975; 3rd ed., 1976).
[edit] Major works
- The Economics of Imperfect Competition (1933)
- An Essay on Marxian Economics (1942)
- Accumulation of Capital (1956)
- Essays in the Theory of Economic Growth (1962)
- Economic Philosophy: An essay on the progress of economic thought (1962)
[edit] Texts for the lay reader
- Economics is a serious subject: The apologia of an economist to the mathematician, the scientist and the plain man,(1932) Publisher: W. Heffer & Sons
- Introduction to the Theory of Employment (1937)
- An Introduction to Modern Economics (1973) with John Eatwell
- The Arms Race (1982), Tanner Lectures on Human Values
[edit] Quotes
- "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."
[edit] See also
[edit] References
- Emani, Zohreh, , 2000. "Joan Robinson" in Robert W. Dimand et al eds. A Biographical Dictionary of Women Economists, Edward Elgar.
- Pasinetti, Luigi L. (1987), "Robinson, Joan Violet," The New Palgrave: A Dictionary of Economics, v. 4, pp. 212-17, Macmillsn.
