Joan Robinson Quotes
Not only subjective poverty is never overcome by growth, but absolute poverty is increased by it. ... Absolute misery grows while wealth increases.
Citations
Robinson, Joan. "The Second Crisis of Economic Theory." The American Economic Review, vol. 62, no. 1/2, American Economic Association, 1972, p. 7.
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See {34743} or {33971} for a more colorful and eloquent statement of the same notion.
Joan Violet Robinson FBA was a British economist well known for her wide-ranging contributions to economic theory. She was a central figure in what became known as post-Keynesian economics.