Joan Robinson and MIT

Harvey Gram () and Geoffrey Harcourt
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Harvey Gram: Ph. D. Program in Economics, Graduate Center, CUNY

No 9, Working Papers from City University of New York Graduate Center, Ph.D. Program in Economics

Abstract: The great question which has always haunted the type of analysis offered by the MIT economists in answer to Robinson's provocative critique (1953) has always been her own question: how to get into equilibrium? If the notion of "vision at a distance", inherent in dynamic equilibrium analysis (Dorfman, Samuelson, and Solow, 1958) means co-ordination of long-term expectations, recent work shows theory, that "getting into equilibrium" is an impossibility. This vindicates Robinson's position in the capital controversy, at least with respect to the MIT economists.

Keywords: Joan Robinson; dynamic equilibrium (search for similar items in EconPapers)
JEL-codes: A10 B30 (search for similar items in EconPapers)
Pages: 14
Date: 2015-10-09
New Economics Papers: this item is included in nep-his, nep-hpe and nep-pke
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http://wfs.gc.cuny.edu/Economics/RePEc/cgc/wpaper/CUNYGC-WP009.pdf First version, October 2015 (application/pdf)
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Related works:
Journal Article: Joan Robinson and MIT (2017)
Working Paper: Joan Robinson and MIT (2016)
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