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Joan Robinson and the three cambridge revolutions

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  • Maria Cristina Marcuzzo

Abstract

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 Joan Robinson to persuade Keynes to present the main argument of The General Theory in terms of aggregate demand and aggregate supply. By the early 1950s, however, Joan Robinson had rejected the Marshallian methodology and had become a strenuous censor of neoclassical theory. In this paper the origin of her critique is traced to her reading of Sraffa's Introduction to Ricardo's Principles.

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  • Maria Cristina Marcuzzo, 2003. "Joan Robinson and the three cambridge revolutions," Review of Political Economy, Taylor & Francis Journals, vol. 15(4), pages 545-560.
    • Handle: RePEc:taf:revpoe:v:15:y:2003:i:4:p:545-560
    DOI: 10.1080/0953825032000121478
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    References listed on IDEAS

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    1. Patinkin, Don, 1993. "On the Chronology of the General Theory," Economic Journal, Royal Economic Society, vol. 103(418), pages 647-663, May.
    2. G. C. Harcourt, 1990. "Joan Robinson's Early Views on Method," History of Political Economy, Duke University Press, vol. 22(3), pages 411-427, Fall.
    3. Maria Cristina Marcuzzo, 2002. "The Collaboration between J. M. Keynes and R. F. Kahn from the Treatise to the General Theory," History of Political Economy, Duke University Press, vol. 34(2), pages 421-448, Summer.
    4. Robinson, Joan, 1978. "Contributions to Modern Economics," Elsevier Monographs, Elsevier, edition 1, number 9780125905503.
    5. Marcuzzo, Maria Cristina, 1994. "R. F. Kahn and Imperfect Competition," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 18(1), pages 25-39, February.
    6. Aslanbeigui, Nahid & Oakes, Guy, 2002. "The Theory Arsenal: The Cambridge Circus and the Origins of the Keynesian Revolution," Journal of the History of Economic Thought, Cambridge University Press, vol. 24(1), pages 5-37, March.
    7. Panico, Carlo, 1991. "Some Notes on Marshallian Supply Functions," Economic Journal, Royal Economic Society, vol. 101(406), pages 557-569, May.
    8. Alessandro Roncaglia, 2018. "The economist's job," PSL Quarterly Review, Economia civile, vol. 71(284), pages 3-8.
    9. Joan Robinson, 1985. "The Theory of Normal Prices and Reconstruction of Economic Theory," Palgrave Macmillan Books, in: George R. Feiwel (ed.), Issues in Contemporary Macroeconomics and Distribution, chapter 4, pages 157-165, Palgrave Macmillan.
    10. Joan Robinson, 1969. "The Economics of Imperfect Competition," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-1-349-15320-6, October.
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    Cited by:

    1. Martín Alejandro Basso & Isabel del Valle Gulli, 2022. "Ensayo analítico sobre los orígenes de la teoría de la competencia imperfecta," Asociación Argentina de Economía Política: Working Papers 4538, Asociación Argentina de Economía Política.

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