Income from property is not the reward of waiting, it is the reward of employing a good stockbroker.
Joan RobinsonIn general, the nightmare quality of Marx's thought gives it, in this bedevilled age, an air of greater reality than the gentle complacency of the orthodox academics. Yet he, at the same time, is more encouraging than they, for he releases hope as well as terror from Pandora's box, while they preach only the gloomy doctrine that all is for the best in the best of all possible worlds.
Joan RobinsonWhen I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.
Joan RobinsonThe misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.
Joan RobinsonIt 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.
Joan Robinson