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Joan Violet Robinson (''née'' Maurice; 31 October 1903 – 5 August 1983) was a British
economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...
well known for her wide-ranging contributions to
economic theory Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyze ...
. She was a central figure in what became known as post-Keynesian economics.


Biography

Before leaving to fight in the
Second Boer War The Second Boer War ( af, Tweede Vryheidsoorlog, , 11 October 189931 May 1902), also known as the Boer War, the Anglo–Boer War, or the South African War, was a conflict fought between the British Empire and the two Boer Republics (the So ...
, Joan's father, Frederick Maurice, married Margaret Helen Marsh, the daughter of Frederick Howard Marsh, and the sister of Edward Marsh, at St George's, Hanover Square. Joan Maurice was born in 1903, a year after her father's return from Africa. During
World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...
, Robinson worked on a few different Committees for the wartime national government. During this time, she visited the
Soviet Union The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nationa ...
as well as China, gaining an interest in underdeveloped and developing nations. Robinson was a frequent visitor to
Centre for Development Studies The Centre for Development Studies (CDS), Thiruvananthapuram, Kerala, India is a premier Social Science research institute. It is also a higher education institution providing M.A. course in applied economics and PhD course in economics. It i ...
(CDS), Thiruvananthapuram, India. She was a visiting fellow at the Centre in the mid-1970s. She instituted an endowment fund to support public lectures at the Centre. She was a frequent visitor to the Centre until January 1982 and participated in all activities of the Centre and especially student seminars. Professor Robinson donated royalties of two of her books (''Selected Economic Writings'', Bombay: Oxford University Press, 1974, ''Introduction to Modern Economics'' (jointly with John Eatwell), Delhi; Tata McGraw Hill, 1974) to CDS. Robinson also 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 edn, 1976), in which she praised the
Cultural Revolution The Cultural Revolution, formally known as the Great Proletarian Cultural Revolution, was a sociopolitical movement in the People's Republic of China (PRC) launched by Mao Zedong in 1966, and lasting until his death in 1976. Its stated goa ...
. In October 1964, Robinson also visited North Korea, which was effectively a single-party Communist state, and wrote in her report "Korean Miracle" that the country's success was due to "the intense concentration of the Koreans on national pride" under Kim Il-sung, "a messiah rather than a dictator." She also stated in reference to the
division of Korea The division of Korea began with the defeat of Japan in World War II. During the war, the Allied leaders considered the question of Korea's future after Japan's surrender in the war. The leaders reached an understanding that Korea would be ...
that " viously, sooner or later the country must be reunited by absorbing the South into socialism." During her last decade, she became more and more pessimistic about the possibilities of reforming economic theory, as expressed, for example, in her essay "Spring Cleaning."Harcourt
p. 169


Education

She studied economics at Girton College,
Cambridge Cambridge ( ) is a university city and the county town in Cambridgeshire, England. It is located on the River Cam approximately north of London. As of the 2021 United Kingdom census, the population of Cambridge was 145,700. Cambridge bec ...
, and immediately after graduation in 1925, she married the economist Austin Robinson. In 1937, she became a lecturer in economics at the University of Cambridge. She joined the
British Academy The British Academy is the United Kingdom's national academy for the humanities and the social sciences. It was established in 1902 and received its royal charter in the same year. It is now a fellowship of more than 1,000 leading scholars s ...
in 1958 and was elected a fellow of Newnham College in 1962. In 1965 she assumed the position of full professor and fellow of Girton College. In 1979, just four years before she died, she became the first female honorary fellow of King's College. As a member of "the Cambridge School" of economics, Robinson contributed to the support and exposition of Keynes' General Theory, writing especially on its employment implications in 1936 and 1937 (it attempted to explain employment dynamics in the midst of the
Great Depression The Great Depression (19291939) was an economic shock that impacted most countries across the world. It was a period of economic depression that became evident after a major fall in stock prices in the United States. The economic contagio ...
).


Works

In 1933, her book ''The Economics of Imperfect Competition'', Robinson coined the term " monopsony," which is used to describe the buyer converse of a seller monopoly. Monopsony is commonly applied to buyers of labour, where the employer has wage setting power that allows it to exercise Pigouvian exploitation and pay workers less than their marginal productivity. Robinson used monopsony to describe the wage gap between women and men workers of equal productivity. In 1942, Robinson's '' An Essay on Marxian Economics'' famously concentrated on
Karl Marx Karl Heinrich Marx (; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary. His best-known titles are the 1848 ...
as an economist, helping to revive the debate on this aspect of his legacy. In 1956, Robinson published her magnum opus, ''The Accumulation of Capital'', which extended Keynesianism into the long run. In 1962, she published ''Essays in the Theory of Economic Growth'', another book on growth theory, which discussed Golden Age growth paths. Afterwards, she developed the Cambridge growth theory with Nicholas Kaldor. She was elected a Foreign Honorary Member of the
American Academy of Arts and Sciences The American Academy of Arts and Sciences (abbreviation: AAA&S) is one of the oldest learned societies in the United States. It was founded in 1780 during the American Revolution by John Adams, John Hancock, James Bowdoin, Andrew Oliver, a ...
in 1964. In 1984, Robinson was elected to the American Philosophical Society. Near 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 economics books for the general public. Robinson suggested developing an alternative to the revival of classical economics. ''The Cultural Revolution in China'' is written from the perspective of trying to understand the thinking that lay behind the revolution, particularly
Mao Zedong Mao Zedong pronounced ; also Romanization of Chinese, romanised traditionally as Mao Tse-tung. (26 December 1893 – 9 September 1976), also known as Chairman Mao, was a Chinese communist revolutionary who was the List of national founde ...
's preoccupations. Mao is seen as aiming to recapture a revolutionary sense in a population that had known only, or had grown used to, stable Communism, so that it could "re-educate the Party" (pp. 20, 27); to instill a realisation that the people needed the guidance of the Party and much as the other way round (p. 20); to re-educate intellectuals who failed to see that their role in society, like that of all other groups, was to 'Serve the People' (pp. 33, 43); and finally to secure a succession, not stage-managed by the Party hierarchy or even by Mao himself but the product of interaction between a revitalised people and a revitalised Party (p. 26). On the whole, the book emphasises the positive aspects of Mao's "moderate and humane" intentions (p. 19) rather than the "violence and disorder" that broke out, we are told, "from time to time", occurrences "strongly opposed" (ibid.) to Mao's wishes. Robinson recognises and appears to endorse a revision to classical Marxism in Mao's view of the relation of base to superstructure: "On the classical view, there is one-way determination between base and superstructure but Mao shows how the superstructure may react upon the base: Ideas may become a material force" (p. 12). She acknowledges that "Old-fashioned Marxists might regard this as a heresy, but that is scarcely reasonable" (ibid.). In June 2019, the United States Supreme Court used Robinson's monopsony theory in its decision for '' Apple v. Pepper''. Justice
Brett Kavanaugh Brett Michael Kavanaugh ( ; born February 12, 1965) is an American lawyer and jurist serving as an associate justice of the Supreme Court of the United States. He was nominated by President Donald Trump on July 9, 2018, and has served since O ...
delivered the majority opinion, stating Apple can be sued by application developers, "on a monopsony theory."


Achievements

In 1945, she was appointed to the Ministry of Works' Advisory Committee on Building Research, the only economist and the only female member of that committee. In 1948, she was appointed the first economist member of the
Monopolies and Mergers Commission The Competition Commission was a non-departmental public body responsible for investigating mergers, markets and other enquiries related to regulated industries under competition law in the United Kingdom. It was a competition regulator under ...
. In 1949, she was invited by Ragnar Frisch to become the Vice-President of the Econometric Society but declined by saying she that could not be part of the editorial committee of a journal that she could not read. During the 1960s, she was a major participant in the Cambridge capital controversy alongside Piero Sraffa. At least two students who studied under her have won the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel; they are
Amartya Sen Amartya Kumar Sen (; born 3 November 1933) is an Indian economist and philosopher, who since 1972 has taught and worked in the United Kingdom and the United States. Sen has made contributions to welfare economics, social choice theory, economi ...
and Joseph Stiglitz. In his autobiographical notes for the Nobel Foundation,
Stiglitz Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the Jo ...
described their relationship as "tumultuous" and Robinson as unused to "the kind of questioning stance of a brash American student"; after a term,
Stiglitz Joseph Eugene Stiglitz (; born February 9, 1943) is an American New Keynesian economist, a public policy analyst, and a full professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the Jo ...
therefore "switched to
Frank Hahn Frank Horace Hahn FBA (26 April 1925 – 29 January 2013) was a British economist whose work focused on general equilibrium theory, monetary theory, Keynesian economics and critique of monetarism. A famous problem of economic theory, the condi ...
". In his own autobiography notes, Sen described Robinson as "totally brilliant but vigorously intolerant." She also influenced Indian Prime Minister Manmohan Singh which altered his approach towards economic policies.


Family

Joan's father was Frederick Maurice, her mother was Margaret Helen Marsh. Joan Maurice married fellow economist Austin Robinson in 1926. They had two daughters. The distinguished London surgeon and Cambridge academic Howard Marsh was Joan Robinson's maternal grandfather.


Recognition

In 2016, the Council of the University of Cambridge approved the use of Robinson's name to mark a physical feature within the North West Cambridge Development.


Major works

* ''The Economics of Imperfect Competition'' (1933) *
Essays in the Theory of Employment
' (1937) * '' An Essay on Marxian Economics'' (1942), Second Edition (1966) (The Macmillan Press Ltd, ) * ''The Production Function and the Theory of Capital'' (1953) * ''Accumulation of Capital'' (1956) * ''Exercises in Economic Analysis'' (1960) * ''Essays in the Theory of Economic Growth'' (1962) *
Economic Philosophy: An Essay on the Progress of Economic Thought
' (1962) * ''Freedom and Necessity: An Introduction to the Study of Society'' (1970) * ''Economic Heresies: Some Old Fashioned Questions in Economic Theory'' (1971) ( Basic Books, New York, ) * ''Contributions to Modern Economics'' (1978) (Basil Blackwell, Oxford, ) * ''Further Contributions to Modern Economics'' (1980) (Basil Blackwell, Oxford, )


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), W. Heffer & Sons * ''Introduction to the Theory of Employment'' (1937) *
The Cultural Revolution in China
', Harmondsworth: Pelican Original (1969) * ''An Introduction to Modern Economics'' (1973) with John Eatwell * ''The Arms Race'' (1981), Tanner Lectures on Human Values


See also

* International economics *
List of economists This is an incomplete alphabetical list by surname of notable economists, experts in the social science of economics, past and present. For a history of economics, see the article History of economic thought. Only economists with biographical arti ...
* Macroeconomics * Wealth condensation * Welfare economics


References


Further reading

* Emani, Zohreh, 2000, "Joan Robinson" in Robert W. Dimand et al. (eds), ''A Biographical Dictionary of Women Economists'', Edward Elgar. * Harcourt, G. C., 1995, Obituary: Joan Robinson 1903–1983, Economic Journal, Vol. 105, No. 432. (September 1995), pp. 1228–1243. * Harcourt, G. C. and Kerr, P. (2009). Joan Robinson. Palgrave MacMillan. * Pasinetti, Luigi L. (1987), "Robinson, Joan Violet," ''The New Palgrave: A Dictionary of Economics'', v. 4, pp. 212–17, Macmillan. * Vianello, F.
996 Year 996 ( CMXCVI) was a leap year starting on Wednesday (link will display the full calendar) of the Julian calendar. Events By place Japan * February - Chotoku Incident: Fujiwara no Korechika and Takaie shoot an arrow at Retired Emp ...
"Joan Robinson on Normal Prices (and the Normal rate of Profits)", in: Marcuzzo, M.C. and Pasinetti, L. and Roncaglia, A. (eds.), ''The Economics of Joan Robinson'', New York: Routledge, .


External links


Joan Violet Robinson, 1903–1983
The New School

Australian School of Business, 27 March 2009 – Three hours of Robinson' lectures at Stanford, 1974 * *
''On Re-Reading Marx'', by Joan Robinson
(Cambridge, England: 1953) {{DEFAULTSORT:Robinson, Joan 1903 births 1983 deaths British women economists Post-Keynesian economists Macroeconomists Keynesians Historians of economic thought People educated at St Paul's Girls' School Alumni of Girton College, Cambridge Fellows of the American Academy of Arts and Sciences Fellows of the British Academy Fellows of Girton College, Cambridge Fellows of Newnham College, Cambridge Fellows of King's College, Cambridge People from Surrey 20th-century British economists 20th-century English historians 20th-century British women writers Members of the American Philosophical Society