At any moment there is certainly not balanced trade between the various areas of the habitable globe that happens to be under seperate national governments - there is an ever-changing pattern of deficits and surpluses.
Joan RobinsonBut, as soon as speculators become an important influence in the market, their business is to speculate on each others behaviour.
Joan RobinsonEven if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.
Joan RobinsonWhere is the pricing system that offers the consumer a fair choice between air to breathe and motor cars to drive about in?
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 Robinson