Joan Robinson

Joan Robinson


Joan Robinson

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Joan Violet Robinson FBA (31 October 1903 in Surrey – 5 August 1983 in Cambridge) was a post-Keynesian economist who was well known for her knowledge of monetary economics and wide-ranging contributions to economic theory. She was the daughter of Major-General Sir Frederick Barton Maurice, 1st Baronet and was married to fellow economist Austin Robinson.


Robinson read economics at Girton College, Cambridge. Immediately after graduation in 1925, she married economist Austin Robinson. In 1937, she became a lecturer in economics at the University of Cambridge. She joined the British Academy in 1958 and was then elected fellow of Newnham College in 1962. In 1965 she was given the position of full professor and fellow of Girton College. In 1979, just four years before she died, she became the first female fellow of King's College.

Initially a supporter of neoclassical economics, she changed her mind after getting acquainted with John Maynard Keynes. As a member of "the Cambridge School" of economics, Robinson assisted with the support and exposition of Keynes' General Theory, writing especially on its employment implications in 1936 and 1937 (it attempted to explain employment dynamics in the midst of the Great Depression).

In 1933, in her book, The Economics of Imperfect Competition, Robinson coined the term "monopsony," which is used to describe the buyer converse of a seller monopoly.

In 1942 Robinson's An Essay on Marxian Economics famously...
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