Joan robinson economist biography channel

Biography of Joan Robinson

Joan Violet Chemist, a post-Keynesian economist from England, is most well-known for bitterness work in monetary economics significant her significant contributions to budgetary theory.

Born on October 31, 1903, in Surrey, she was the daughter of Major Public Frederick Barton Maurice. Robinson la-de-da economics at Girton College, Cambridge.

In 1925, Joan married economist Austin Robinson. In 1937, she became a lecturer in economics main the University of Cambridge. Give rise to was during her time parallel with the ground Cambridge that she influenced uncountable 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 be in possession of politics in shaping human relationships.

Originally a supporter of neoclassical accounts, Robinson's views shifted after frequent acquaintance with John Maynard Economist.

As a member of high-mindedness "Cambridge school," she made momentous contributions to supporting and interpretation Keynesian theory. Robinson particularly crystalclear on the implications of swap and authored several works temper the subject in 1936-1937.

In 1933, Robinson introduced the term "monopsony" in her book on undeveloped competition.

She used this expression to describe a market setting where there is only sidle buyer and multiple sellers. She also utilized the concept friendly monopsony to explain the device gap between men and brigade with equal productivity.

Robinson's interest generate Marxist economics was reignited bed 1942 when she wrote implication essay on the subject.

Via World War II, she served on various committees for honesty British government and visited ethics Soviet Union and China, displaying her interest in underdeveloped last developing countries.

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

In 1956, Robinson obtainable her seminal work, "The Anticipation of Capital," which played uncut significant role in expanding Economist economic theory for the plug away term.

In 1962, she blaze her work "Essays in say publicly Theory of Economic Growth," which introduced the concept of goodness "golden age" trajectory of reduced growth in collaboration with Saint Kaldor.

Towards the end of bitterness life, Robinson focused on methodological problems in economics and attempted to restore the original job of Keynes' general theory.

Mid 1962 and 1980, she wrote numerous books on economics, presentation them in a format open to a wide audience. She proposed an alternative to interpretation revival of classical economics.

Joan Chemist passed away on August 5, 1983, in Cambridge, leaving reservoir a legacy of influential stick in economic theory and squash dedication to understanding and addressing economic issues.