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The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser fai… - Joan Robinson
" "The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.
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About Joan Robinson
Joan Robinson FBA (30 October 1903 – 5 August 1983) was a British post-Keynesian economist who made many contributions to economic theory.
Also Known As
Birth Name:
Joan Violet Maurice
Native Name:
Joan Violet Robinson
Alternative Names:
Joan V. Robinson
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Additional quotes by Joan Robinson
It is a popular error that bureaucracy is less flexible than private enterprise. It may be so in detail, but when large scale adaptations have to be made, central control is far more flexible. It may take two months to get an answer to a letter from a government department, but it takes twenty years for an industry under private enterprise to readjust itself to a fall in demand.
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