Joan Robinson Quotes
... the misery of being exploited by capitalists is nothing compared to the misery of not being exploited at all.
Joan Robinson, 1903-1983, British Economist, Economic Philosophy, 1962
Sourced by: Eigen's Political and Historical Quotations
Jefferson was one of the first political and economic thinkers to express concern over the “wage slave” concept of the industrial revolution. This was one of the major reasons that he was not in consonance with Alexander Hamilton in his economic vision for America. While we followed the Hamilton direction, there are still issues of maintaining freedom and independence for an employee in modern nations and economies.
Sinclair had written an expose of the meat packing industry – the Jungle – which used as its setting the Armour meat packing factory. It changed the way the public thought about the industry, the role of government and regulation. President Roosevelt took up the reform role, and got Congress to Regulate the quality and cleanliness of the meat packing industry. Sinclair, however not only wanted that reform, but also wanted the labor wages and conditions reformed. He referred to the Armour plant as the fortress.
The first sentence is often quoted by conservatives in defense of the capitalistic system. However most do not realize that Haldane was actually a socialist who was opposed to capitalism. They were unaware of the second sentence which would make them as unhappy as the first made them happy.
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.