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The Theory of Normal Prices and Reconstruction of Economic Theory

In: Issues in Contemporary Macroeconomics and Distribution

Author

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  • Joan Robinson

Abstract

I am one of the few survivors of the generation that learned economic theory before the Keynesian revolution. Alfred Marshall was the overmastering influence on teaching in the English-speaking world. There were many disputed points within the Marshallian canon, such as the meaning of the ‘representative firm’, but other schools — Walras, Pareto, the Austrians — were dismissed in footnotes. We used to say in Cambridge: ‘Everything is in Marshall’. I added later: ‘The trouble is that everything else is as well’.

Suggested Citation

  • 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.
    • Handle: RePEc:pal:palchp:978-1-349-06879-1_4
    DOI: 10.1007/978-1-349-06879-1_4
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    Citations

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    Cited by:

    1. Geoff Harcourt, 2011. "The Crisis in Mainstream Economics," Discussion Papers 2011-12, School of Economics, The University of New South Wales.
    2. Neil Hart & Peter Kriesler, 2014. "Keynes, Kalecki, Sraffa: Coherence?," Discussion Papers 2014-06, School of Economics, The University of New South Wales.
    3. Philip Arestis & Malcolm Sawyer, 2011. "The economic policies of the political economy of the Australian patriot and Cambridge economist," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 8(1), pages 129-145.
    4. Martins, Nuno Ornelas, 2016. "Ecosystems, strong sustainability and the classical circular economy," Ecological Economics, Elsevier, vol. 129(C), pages 32-39.
    5. Maria Cristina Marcuzzo, 2003. "Joan Robinson and the three cambridge revolutions," Review of Political Economy, Taylor & Francis Journals, vol. 15(4), pages 545-560.

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