[lbo-talk] Open Letter from a Keynesian to a Marxist by Joan Robinson

Jim Farmelant farmelantj at juno.com
Mon Jul 18 10:10:41 PDT 2011


On Mon, 18 Jul 2011 11:21:15 -0500 "Carrol Cox" <cbcox at ilstu.edu> writes:
> CB: All fine and dandy, but which side are u on ? Marx or Robinson
>
> Sigh. This is what comes of treating Marxism as a religion rather
> than a
> grapple with reality -- suppressing everything Marx stood for in
> the
> interest of religious worship of a fetish.
>
> Which side are you on?
>
> They say in Harlan County
> There are no neutrals there. ..
>
> To apply that question to Marx vs Robinson is obscene. She WAS
> incidentally
> on the right side from the viewpoint of Harlan County -- or
> People's
> Republic of China.

Which BTW was most likely the reason why she was denied the Nobel Prize in Economics even though almost everyone in the economics profession acknowledged her talents and the magnitude of her achievements (even Milton Friedman did in his memoirs).

Anyway, Joan Robinson in her 1971 Monthly Review piece, "The Relevance of Economic Theory," (which Mike Yates kindly sent me) wrote:

"The radical economists who have established a new movement in American universities are generally inclined to say that they always knew that economic theory was a lot of rubbish; it is irrelevant and not worth answering. By this policy they allow themselves to be encapsulated. They are given a course to teach or a paper to examine as a side line, while, in the mainstream, students continue to be demoralized by having to repeat arguments which they vaguely feel to be unsatisfactory without knowing quite why. The radicals ought to be helping them to find the clue. But the neo-neoclassical professors are very agile debaters. The radical has to be well versed in Sraffa and Kalecki if he is going to take them on."

Jim Farmelant http://independent.academia.edu/JimFarmelant www.foxymath.com Learn or Review Basic Math


>
> Carrol
>
>
> ___________________________________
> http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk
>

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