Retrospectives
Joan Robinson on Karl Marx: “His Sense of Reality Is Far Stronger”
Bibliographic Data
| ID | 14855693 |
|---|---|
| Authors | Carolina Alves (0009-0002-4972-4539, Carolina Alves is the Joan Robinson Research Fellow in Heterodox Economics, University of Cambridge, Girton College, Cambridge, United Kingdom., corresponding author) |
| Year | 2022 |
| Volume | 36 |
| Issue | 2 |
| Pages | 247-264 |
| Publication date | 2022-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.36.2.247 |
| OpenAlex | W4229441123 |
| Language | EN |
| Citations received | 3 |
| References cited | 4 |
This paper revisits why Joan Robinson turned to Karl Marx in 1942 and which insights from Marxian economics she sought to incorporate into her later works, while commenting on how her encounter with Marx was received by some her of contemporaries. By the end of the 1930s, Robinson wanted to bring academic and Marxian economics together in a search for a more realist theory of the rate of profit and income distribution, along with clarifications on Keynes’s concept of full employment and the nature of technical progress and a long-period theory within the Keynesian framework. The result, An Essay on Marxian Economics (1942), was her most important work in terms of laying the foundations of her enduring challenge to the orthodox economics. Here she relied on Marxian insights to escape Marshallian orthodoxy. It is the story of how the originator of imperfect competition pushed further into a theory of exploitation
Capitalism · Economics · Imperfect · Imperfect competition · Keynesian economics · Neoclassical economics · Orthodoxy · Positive economics · Post-Keynesian economics · Profit rate · Rate of profit · Economic Theory and Institutions · Economic Theory and Policy · Law · Philosophy · Political Economy and Marxism
| Unique citing works | 3 |
|---|---|
| Citations per year | 1,5 |
| Citation span | 2024 - 2026 (3) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 3 |