Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter V, The Falling Rate Of Profit, p. 38
Quotes from book
An Essay on Marxian Economics
An Essay on Marxian Economics is a 1942 book about Karl Marx by the economist Joan Robinson. The first work by a major British economist to show interest in Marx since the 19th century, it has received both praise and criticism from commentators.
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter XI, Dynamic Analysis, p. 95
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter III, The Labour Theory Of Value, p. 22
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter VII, The Orthodox Theory of Profit, p. 57-58
Preface To The Second Edition, p. vi
An Essay on Marxian Economics (Second Edition) (1966)
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter I, Introduction, p. 1
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter I, Introduction, p. 4-5
“It is the rate of investment which governs the rate of saving, and not vice versa.”
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter VIII, The General Theory of Employment, p. 66
“If a rise in wages does not raise prices, a fall will not reduce them.”
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter X, Real And Money Wages, p. 89
Source: An Essay on Marxian Economics (Second Edition) (1966), Chapter IV, The Long-Period Theory Of Employment, p. 34
Foreword, p. xxii
An Essay on Marxian Economics (Second Edition) (1966)
Context: Until recently, Marx used to be treated in academic circles with contemptuous silence, broken only by an occasional mocking footnote. But modern developments in academic theory, forced by modern developments in economic life — the analysis of monopoly and the analysis of unemployment — have shattered the structure of orthodox doctrine and destroyed the complacency with which economists were wont to view the working of laissez-faire capitalism. Their attitude to Marx, as the leading critic of capitalism, is therefore much less cocksure than it used to be. In my belief, they have much to learn from him.
