IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y202061p66-74.html
   My bibliography  Save this article

Foundations of contemporary economics: Joan Robinson and left Keynesianism – Marx, but not Marxism

Author

Listed:
  • Henrik Egbert
  • Teodor Sedlarski

Abstract

Joan Robinson (1903-1983) is an outstanding Cambridge economist in a variety of aspects. Being a member of the inner circle around Keynes and discussing with him drafts of the „General Theory“ in the early 1930s, she became an ardent defender of Keynes' original ideas. Her first major work is the „Theory of Imperfect Competition“, which became the standard model for depicting real markets as compared to the model of perfect competition. Her work on Marx reintegrated part of his ideas into economic thought while rejecting ideological Marxism. Due to her favoritism of left ideas, her disputes with neoclassical or orthodox economists, and her advocacy of communist regimes after the Second World War, Robinson is also regarded as one of the most controversial economists of her time.

Suggested Citation

  • Henrik Egbert & Teodor Sedlarski, 2020. "Foundations of contemporary economics: Joan Robinson and left Keynesianism – Marx, but not Marxism," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 66-74.
    • Handle: RePEc:bas:econth:y:2020:6:1:p:66-74
    as

    Download full text from publisher

    File URL: https://etj.iki.bas.bg/storage/app/uploads/public/629/9c3/f05/6299c3f051f78085859127.pdf
    Download Restriction: Fee access (Bulgarian)
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Joan Robinson, 1962. "Essays in the Theory of Economic Growth," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-00626-7, October.
    2. Robinson, Joan, 1977. "Michal Kalecki on the Economics of Capitalism," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 39(1), pages 7-17, February.
    3. Robinson, Joan, 1972. "The Second Crisis of Economic Theory," American Economic Review, American Economic Association, vol. 62(2), pages 1-10, May.
    4. G. C. Harcourt, 2001. "Joan Robinson, 1903–1983," Palgrave Macmillan Books, in: 50 Years a Keynesian and Other Essays, chapter 6, pages 91-113, Palgrave Macmillan.
    5. Gram, Harvey & Walsh, Vivian, 1983. "Joan Robinson's Economics in Retrospect," Journal of Economic Literature, American Economic Association, vol. 21(2), pages 518-550, June.
    6. Philip Arestis (ed.), 2011. "Microeconomics, Macroeconomics and Economic Policy," Palgrave Macmillan Books, Palgrave Macmillan, number 978-0-230-31375-0, October.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Setterfield, Mark & Kim, Yun K., 2016. "Debt servicing, aggregate consumption, and growth," Structural Change and Economic Dynamics, Elsevier, vol. 36(C), pages 22-33.
    2. Giuseppe Fontana & Bill Gerrard, 2006. "The future of Post Keynesian economics," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 49-80.
    3. G. C. Harcourt & Peter Kriesler, 2014. "Michał Kalecki and Rosa Luxemburg on Marx’s Schemes of Reproduction: Two Incisive Interpreters of Capitalism," Palgrave Studies in the History of Economic Thought, in: Riccardo Bellofiore & Ewa Karwowski & Jan Toporowski (ed.), The Legacy of Rosa Luxemburg, Oskar Lange and Michał Kalecki, chapter 1, pages 9-18, Palgrave Macmillan.
    4. Khan, Haider & Patomäki, Heikki, 2013. "A reconstructive critique of IPE and GPE from a critical scientific realist perspective: An alternative Keynesian-Kaleckian approach," MPRA Paper 49517, University Library of Munich, Germany.
    5. Massimo Cingolani, 2008. "Full Employment as a Possible Objective for EU Policy I. A Perspective From the Point of View of The Monetary Circuit," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 55(1), pages 89-114, March.
    6. Ashwani Saith, 2008. "Forum 2008," Development and Change, International Institute of Social Studies, vol. 39(6), pages 1115-1134, November.
    7. Ettore Gallo & Mark Setterfield, 2022. "Historical Time and the Current State of Post-Keynesian Growth Theory," Working Papers 2204, New School for Social Research, Department of Economics.
    8. Gilberto Tadeu Lima, 2000. "Market concentration and technological innovation in a dynamic model of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 447-475.
    9. Schreiner, Lena & Madlener, Reinhard, 2022. "Investing in power grid infrastructure as a flexibility option: A DSGE assessment for Germany," Energy Economics, Elsevier, vol. 107(C).
    10. Roberto Veneziani & Luca Zamparelli & Amitava Krishna Dutt, 2017. "Heterodox Theories Of Economic Growth And Income Distribution: A Partial Survey," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1240-1271, December.
    11. de Oliveira, Guilherme & Lima, Gilberto Tadeu, 2022. "Economic growth as a double-edged sword: The pollution-adjusted Kaldor-Verdoorn effect," Ecological Economics, Elsevier, vol. 199(C).
    12. Robert A. Blecker, 2016. "Wage-led versus profit-led demand regimes: the long and the short of it," Review of Keynesian Economics, Edward Elgar Publishing, vol. 4(4), pages 373-390, October.
    13. Eckhard Hein, 2006. "Money, interest and capital accumulationin Karl Marx's economics: a monetary interpretation and some similaritiesto post-Keynesian approaches," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(1), pages 113-140.
    14. Kronenberg, Tobias, 2010. "Finding common ground between ecological economics and post-Keynesian economics," Ecological Economics, Elsevier, vol. 69(7), pages 1488-1494, May.
    15. Eckhard Hein & Christoph Häusler, 2024. "Kaleckian Models of Conflict Inflation, Distribution and Employment: A Comparative Analysis," Review of Political Economy, Taylor & Francis Journals, vol. 36(4), pages 1436-1464, October.
    16. Peter Skott, 2010. "Growth, Instability and Cycles: Harrodian and Kaleckian Models of Accumulation and Income Distribution," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 5, Edward Elgar Publishing.
    17. William P. Osterberg, 1992. "Intervention and the bid-ask spread in G-3 foreign exchange rates," Economic Review, Federal Reserve Bank of Cleveland, vol. 28(Q II), pages 2-13.
    18. Olivier Allain, 2006. "La modération salariale : le point de vue des (néo-)kaleckiens," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00196500, HAL.
    19. Eckhard Hein, 2007. "Interest Rate, Debt, Distribution And Capital Accumulation In A Post‐Kaleckian Model," Metroeconomica, Wiley Blackwell, vol. 58(2), pages 310-339, May.
    20. Fabio Hideki Ono & José Luis Oreiro, 2004. "Technological Progress, Income Distribution And Capacity Utilisation: A Computer Simulation-Based Analysis," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting] 085, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2020:6:1:p:66-74. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.