My favorite is still Essays in the Theory of Economic Growth Back from a summer road trip. Should start to blog more consistently soon. Here a new paper from John King in the last issue of ROKE. From the abstract: Joan Robinson's magnum opus, The Accumulation of Capital, was published 60 years ago, in 1956. I begin this diamond jubilee assessment by explaining the intellectual background to the book, placing Robinson's attempt to ‘generalise the General Theory’ in the context of the...
Read More »Joan Robinson on Marx’s Labour Theory of Value: A Few Points
Joan Robinson’s An Essay on Marxian Economics (1966) is her extended analysis and critique of Marxism, and this should be of great interest to Post Keynesians given Robinson’s role in developing Post Keynesian theory.Some quick points: (1) Although she finds some value in Marx, her condemnation of the labour theory of value is nevertheless fairly harsh: Robinson calls the labour theory of value a Marxist “incantation” and compares it to witchcraft (Robinson 1966: 22).(2) Robinson (1966: 10)...
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