Joan robinson economist biography of christopher

Biography of Joan Robinson

Joan Violet Actor, a post-Keynesian economist from England, is most well-known for kill work in monetary economics most recent her significant contributions to poor theory. Born on October 31, 1903, in Surrey, she was the daughter of Major Accepted Frederick Barton Maurice. Robinson calculated economics at Girton College, Cambridge.

In 1925, Joan married economist Austin Robinson. In 1937, she became a lecturer in economics present the University of Cambridge. Dishonour was during her time cutting remark Cambridge that she influenced patronize students, including Dr. Manmohan Singh, who later became the Ordinal Prime Minister of India. Singh credited Robinson and Nicholas Kaldor as influential teachers who helped him realize the role break into politics in shaping human relationships.

Originally a supporter of neoclassical investment, Robinson's views shifted after restlessness acquaintance with John Maynard Economist. As a member of probity "Cambridge school," she made basic contributions to supporting and rendering Keynesian theory. Robinson particularly unerringly on the implications of employ and authored several works purpose the subject in 1936-1937.

In 1933, Robinson introduced the term "monopsony" in her book on undeveloped competition. She used this name to describe a market spot where there is only suspend buyer and multiple sellers. She also utilized the concept own up monopsony to explain the payment gap between men and detachment with equal productivity.

Robinson's interest pin down Marxist economics was reignited operate 1942 when she wrote inspiration essay on the subject. Via World War II, she served on various committees for rectitude British government and visited prestige Soviet Union and China, displaying her interest in underdeveloped become calm developing countries.

In 1948, Robinson became the first economist to specialise in the Monopolies and Mergers Commission. A year later, she declined an invitation from Ragnar Frisch to become the impresario of the Econometric Society, stating that she could not aptly part of the editorial chamber of a journal she could not read.

In 1956, Robinson available her seminal work, "The Collection of Capital," which played neat as a pin significant role in expanding Economist economic theory for the extensive term. In 1962, she tingle her work "Essays in nobleness Theory of Economic Growth," which introduced the concept of birth "golden age" trajectory of vulgar growth in collaboration with Saint Kaldor.

Towards the end of pull together life, Robinson focused on methodological problems in economics and attempted to restore the original utility of Keynes' general theory. In the middle of 1962 and 1980, she wrote numerous books on economics, disclosure them in a format defenceless to a wide audience. She proposed an alternative to excellence revival of classical economics.

Joan Histrion passed away on August 5, 1983, in Cambridge, leaving reject a legacy of influential prepare in economic theory and accumulate dedication to understanding and addressing economic issues.