Apresentação: Joan Robinson - The Accumulation of Capital

Joan Robinson and the Three Cambridge Revolutions

Joan Robinson’s association with three Cambridge ‘revolutions’—imperfect competition, effective demand and capital theory—is examined in the context of her personal and intellectual partnership with Richard Kahn, John Maynard Keynes and Piero Sraffa. Initially, imperfect competition appeared to have successfully extended marginal analysis to all market forms. It also allowed Richard Kahn and Jo...

"Joan Robinson and Unions, Distribution and Inflation"

Joan Robinson on “ History versus Equilibrium ”

Joan Robinson’s endeavor to expose a lacuna between “history” and “equilibrium” constitutes a significant plank in her overall critique of orthodox economic theory. It also goes beyond the hornet’s nest she successfully exposed in her celebrated critique of the treatment of “capital” in neoclassical theory. I argue in this paper that, instead of a closed circle of equilibrium relations, univers...

Even dying must be edited: further thoughts on Joan Robinson.

"Joan Robinson: One Woman's Story' is a cinéma vérité style record of a woman's losing struggle against ovarian cancer. The film has been shown now twice on the American Public Television Network. It has received good notices primarily from the lay press. Yet the film depicts much that is out-of-date and much that is debatable. In general, we feel that it presents a depressing picture of the ca...

The Effect of Capital Taxation on Capital Accumulation and Welfare∗

This paper analyzes the effects of time-consistent capital taxation on the level of capital and welfare. We find that a commitment to a zero capital tax shifts the time inconsistency problem towards labor taxes and the provision of public consumption. By comparing the worst timeconsistent policies with and without a commitment to zero capital taxes, we find that the mere existence of a capital ...