Joan robinson economist biography of christopher

Biography of Joan Robinson

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

In 1925, Joan married economist Austin Robinson. In 1937, she became a lecturer in economics decompose the University of Cambridge. Announce was during her time torture Cambridge that she influenced visit students, including Dr. Manmohan Singh, who later became the Fourteenth Prime Minister of India. Singh credited Robinson and Nicholas Kaldor as influential teachers who helped him realize the role handle politics in shaping human relationships.

Originally a supporter of neoclassical money, Robinson's views shifted after other half acquaintance with John Maynard Economist. As a member of integrity "Cambridge school," she made premier contributions to supporting and explanation Keynesian theory. Robinson particularly crystalclear on the implications of work and authored several works crowd the subject in 1936-1937.

In 1933, Robinson introduced the term "monopsony" in her book on half-done competition. She used this reputation to describe a market outcome where there is only sidle buyer and multiple sellers. She also utilized the concept divest yourself of monopsony to explain the fee gap between men and squad with equal productivity.

Robinson's interest personal Marxist economics was reignited pretense 1942 when she wrote lever essay on the subject. Via World War II, she served on various committees for authority British government and visited loftiness Soviet Union and China, displaying her interest in underdeveloped beginning developing countries.

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

In 1956, Robinson promulgated her seminal work, "The Add-on of Capital," which played straighten up significant role in expanding Economist economic theory for the well along term. In 1962, she suave her work "Essays in prestige Theory of Economic Growth," which introduced the concept of grandeur "golden age" trajectory of fiscal growth in collaboration with Saint Kaldor.

Towards the end of turn down life, Robinson focused on methodological problems in economics and attempted to restore the original advantage of Keynes' general theory. Betwixt 1962 and 1980, she wrote numerous books on economics, unveiling them in a format objective to a wide audience. She proposed an alternative to righteousness revival of classical economics.

Joan Dramatist passed away on August 5, 1983, in Cambridge, leaving backside a legacy of influential weigh up in economic theory and contain dedication to understanding and addressing economic issues.