Clement-Jones family 12/22 - Person Sheet
Clement-Jones family 12/22 - Person Sheet
NameProfessor Joan Violet MAURICE FBA, 9929
Birth1903
Death1983
Mother(Margaret) Helen MARSH , 10359 (1875-1942)
Notes for Professor Joan Violet MAURICE FBA
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.

Biography

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 concentrated on Karl Marx as an economist, helping revive the debate on this aspect of his legacy.
During the Second World War, Joan Robinson worked on a few different Committees for the wartime national government. During this time, she visited the Soviet Union as well as China. She developed an interest in underdeveloped and developing nations and contributed a lot that is now understood in this section of economics.
In 1949, she was invited by Ragnar Frisch to become the vice president of the Econometric Society but declined, saying she couldn't be part of the editorial committee of a journal she couldn't read.
In 1956, Joan Robinson published her magnum opus, The Accumulation of Capital, which extended Keynesianism into the long-run. Six years later, she published another book about growth theory, which talked about concepts of "Golden Age" growth paths. Afterwards, she developed the Cambridge growth theory with Nicholas Kaldor. During the 1960s, she was a major participant in the Cambridge capital controversy alongside Piero Sraffa.
Close to the end of her life she studied and concentrated on methodological problems in economics and tried to recover the original message of Keynes' General Theory. Between 1962 and 1980 she wrote many economics books for the general public. Robinson suggested developing an alternative to the revival of classical economics.
At least two students who studied under her have won the Nobel Prize in Economic Sciences: Amartya Sen and Joseph Stiglitz. In his autobiographical notes for the Nobel Foundation, Stiglitz described their relationship as "tumultuous" and Robinson as unused to "the kind of questioning stance of a brash American student"; after a term, Stiglitz therefore "switched to Frank Hahn".[1] In his own autobiography notes, Sen described Robinson as "totally brilliant but vigorously intolerant".[2]
Also, Robinson made several trips to China, reporting her observations and analyses in China: An Economic Perspective (1958), The Cultural Revolution in China (1969), and Economic Management in China (1975; 3rd ed, 1976), in which she praised the Cultural Revolution. She also stated in reference to divided Korea that "[o]bviously, sooner or later the country must be reunited by absorbing the South into socialism."[3] During her last decade, she became more and more pessimistic about the possibilities of reforming economic theory, as expressed, for example, in her essay “Spring Cleaning”.[4]
The Cultural Revolution in China is written from the perspective of trying to understand the thinking that lay behind the revolution, particularly Mao Zedong's preoccupations. Mao is seen as aiming to recapture a revolutionary sense in a population that had known only, or had grown used to, stable Communism, so that it could 're-educate the Party' (pp. 20, 27) ; to instil a realisation that the people needed the guidance of the Party and much as the other way round (p.20); to re-educate intellectuals who failed to see that their role in society, like that of all other groups, was to 'Serve the People' (pp. 33, 43); and finally to secure a succession, not stage-managed by the Party hierarchy or even by Mao himself but the product of interaction between a revitalised people and a revitalised Party (p.26). On the whole the book emphasises the positive aspects of Mao's 'moderate and humane' intentions (p. 19) rather than the 'violence and disorder' which broke out, we are told, 'from time to time' - occurrences 'strongly opposed' (ibid.) to Mao's wishes. Robinson recognises and appears to endorse a revision to classical Marxism in Mao's view of the relation of base to superstructure. On the classical view, there is one-way determination between base and superstructure but Mao 'shows how the superstructure may react upon the base : Ideas may become a material force' (p. 12). She acknowledges that 'Old-fashioned Marxists might regard this as a heresy, but that is scarcely reasonable' (ibid.). Marx would have agreed. The Eighteenth Brumaire of Louis Bonaparte (1852) recognises that the superstructure may not be purely functional to the base; Louis' coup was precisely a case of its independent action.
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