Joan Robinson: Governance

Joan Robinson was English economist. Explore interesting quotes on governance.

Joan Robinson: 92 quotes4 likes

“It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.”

Source: Contributions to Modern Economics (1978), Chapter 3, Obstacles to Full Employment, p. 27 (See also: General Motors)

“It is the rate of investment which governs the rate of saving, and not vice versa.”

Joan Robinson book An Essay on Marxian Economics

Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter VIII, The General Theory of Employment, p. 66

“In all the talk in the Principles (as opposed to the formal analysis) it is not the saving of rentiers but the energy of entrepreneurs which governs accumulation.”

Source: Economic Heresies (1971), Chapter I, Stationary States, p. 14

“If there is any law governing the distribution of income between classes, it still remains to be discovered.”

Joan Robinson book An Essay on Marxian Economics

Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter IV, The Long-Period Theory Of Employment, p. 34

“At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under separate national governments — there is an ever-changing pattern of deficits and surpluses.”

Source: Contributions to Modern Economics (1978), Chapter 19, The Need For A Reconsideration, p. 218