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Joan Robinson and Modern Economic Theory pp 344–367Cite as

Palgrave Macmillan

Some Notes on Capital, Expectations and the Analysis of Changes

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Abstract

When I was asked to contribute to this volume I thought that the following work, done back in 1976 as part of a discussion with Joan Robinson, might be of some interest to a wider public. It is presented here in the spirit of the kind of commemoration she would have preferred — a discussion of her work in order to further the construction of a more satisfactory economic theory: the aim she single-mindedly pursued in her work, earning the respect and admiration of both those who did and those who did not share her critical stance.

I wish to thank Sir Austin Robinson for permission to print Joan Robinson’s two comments in the Appendices to this chapter. (A version of this chapter, and of Joan Robinson’s comments, has appeared in Italian as an Appendix to Garegnani, 1979c.) Except for an attempt to clarify the concept of ‘long-period position’ by reference to the concept of ‘normal’ levels of the variables and for some stylistic changes, this chapter has remained the same as the paper circulated in 1976–7. Financial assistance from the Consiglio Nazionale delle Ricerche is gratefully acknowledged.

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Authors
  1. Pierangelo Garegnani
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Editor information

Editors and Affiliations

  1. University of Tennessee, USA

    George R. Feiwel (Alumni Distinguished Service Professor and Professor of Economics) (Alumni Distinguished Service Professor and Professor of Economics)

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© 1989 George R. Feiwel

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Garegnani, P. (1989). Some Notes on Capital, Expectations and the Analysis of Changes. In: Feiwel, G.R. (eds) Joan Robinson and Modern Economic Theory. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08633-7_12

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