Showing posts with label Economist. Show all posts
Showing posts with label Economist. Show all posts

Monday, 28 May 2018

Joan Robinson, a 'pioneering' Keynesian

Joan arrived as an undergraduate at Girton College, Cambridge, in 1922 to read for the Economics Tripos. She had studied history at school, but chose Economics for her degree, as she wanted to understand the causes of poverty and unemployment. She gained a 2:1 but was denied a degree, as this right was not granted to women at Cambridge until 1948. 

In 1926 just two months after her marriage to Austin Robinson, a fellow of Corpus Christi, Joan and Austin sailed to Bombay where Austin took up the post of tutor to the Maharajah of Gwalior.


 Together they led a privileged life, although Joan was not always comfortable at the society events where she was expected to generate small talk. Joan assisted Austin in the drafting  of a review of the relations between the Indian states and the British Crown and was invited to London for the presentation of the Princes' case. Meanwhile Austin resigned from his post as tutor and was reunited with Joan in London where they drafted considerable portions of a book on population. The drafts remained unpublished, as they then moved back to Cambridge where Austin took up a lectureship in 1929.

Joan had to wait until 1934 for her first university post as an assistant lecturer. Although she was not appointed as a teaching fellow, Joan gave supervisions to students from various colleges. At this time she came to know Cambridge economists, including Maynard Keynes, Piero Sraffa, Maurice Dobb,Gerald Shove, James Meade, Dennis Robertson, A.C.Pigou, and of course Richard Kahn, Keyne's favourite pupil and Joan's most trusted critic. Joan had an incisive mind, and she relished the intense discussions held with colleagues in the faculty. Joan joined a small group of scholars referred to as "The Circus", which was formed by Sraffa in 1930 to discuss A Treatise on Money by Keynes. With reference to the group Joan wrote, "Keynes, and all of us, thought that [it] was of great and serious importance to get the argument right; taking credit for it was quite a secondary matter." In 1962, in correspondence with Nicky Kaldor, Joan wrote,  I value very much the work gang and I think that we all do each othjer more good working as a team thatn any one can by having prioriy or "all my own unaided work".

Joan's first publication appeared in 1932 in the form of a pamphlet Economics is a Serious Subject, followed by her first major work The Economics of Imperfect Competition in 1933.
In 1937 she was appointed a lecturer, a reader in 1949 and a professor in 1965, succeeding Austin. Throughout her academic career she worked ferociously, writing books and journal articles, as well as reviews of articles, both favourable and critical. She wrote prolifically about the new ideas being developed by Keynese and contributed much to the debate of employment theory, and the theories of money and international trade. During the Second World War Joan researched Marx's Capital to assess the impact of his economic theory on orthodox economists and Keynesisans.

Much of Joan's writing in the post-war years concerned development issues. She was fascinated by the Chinese experiment, travelling there eight times, as in her opinion China demonstrated how to implement a planned economy, in both urban and rural communities. A theme which recurred in her later years was her vehement opposition to war and the arms industry. Her last public lecture was a criticism of the nuclear arms race: "...never before has so great a proportion of economic energy and scientific study been devoted to means of destruction."

As summarised by Paul Samuelson, Joan sought to find "true socialism", helping to promote justice and equality in many different societies she had encountered throughout her life. She was an original thinker, a passionate seeker after truth, and one of the greatest economists of the twentieth century.

Original research by Sue Woods.

Tuesday, 26 April 2016

Mary Paley Group Study Room Launch 

by Clare Trowell & Sue Woods

On Friday 22nd April at 2.30pm The Marshall Library launched the new group study room for students. The Reading Room at the Marshall Library is a great silent study space for individual work and the Social Area is welcoming and relaxing but the Library was missing a sensible quiet study area for groups, so this was my first initiative as Librarian to create a useable group study space within the Marshall Library. 

It was a great event - attended by a good number of students and involved bunting and free cake in the Library Social Area, as well as a speech from me!! 

We decided to name the room after Mary Paley, the wife of Alfred Marshall - she was also the first female librarian and an accomplished economist and scholar in her own right. Sue Woods has written a short history of Mary's life:

In 1871 Mary was one of the first 5 women admitted to the University of Cambridge. She spent 3 years at Newnham College studying for the Moral Sciences Tripos. Mary and fellow student Amy Bulley were the first women to be allowed to take the men's tripos. 


Even though Mary passed all her exams, as a woman, she was not permitted to graduate. Mary was, however, invited to become the first woman lecturer in economics at Cambridge and she soon took over the teaching of economics from her former teacher, Alfred Marshall. In 1876 the couple become engaged and they were married the following year. From then on Mary devoted her life to Alfred, and became subservient to him, supporting him in his research and the publication of his work.
Together Mary and Alfred wrote "Economics of Industry", which was published in 1879 under both their names. Even though it was highly rated by Keynes and other leading economists of the day, Alfred disliked the book and allowed it to go out of print, without a murmur from Mary. We were fortunate enough to be able to borrow the first edition of the book from the University Library Rare Books department, complete with annotations by Mary herself.
When Alfred died in 1924 he left many of his books and donated much of his money to the library. Mary acted as a volunteer librarian and looked after the collection for nearly 20 years, until she retired at the age of 87. From 1925 until her death in 1944 she gave £250 annually to the library, and also bequeathed £10,000 to the University for the "development and increased usefulness of the Marshall Library". 

Throughout her life Mary enjoyed painting and produced a bound volume of watercolours, which was passed to the Library for safe keeping. We were also able to display Mary's book of watercolours in the new group study room at the Launch Event.
It was good to get such great feedback from the students about the standard of the new facilities at the launch. The room includes a managed desktop PC, a connection for a laptop as well as a flipchart, pens and magnets for group work.
The room is available to book online via the Marshall Library website (in the same way as Bloomberg & Datastream). The room is available for booking during library opening hours in term time but access to the room closes an hour before library closing time.
The room is bookable for groups of up to 5 for 1-2 hours at any one time and there are some basic ground rules which we ask you to abide by:

  • The Mary Paley Room is bookable by students for group work only and is not available for private study
  • The room may be booked for up to 2 hours (slots) at any one time
  • There will be a 15 minute grace period for each booking. After this time the booking will lapse and the slot may be offered to another group
  • Please make sure you leave the room as you found it
  • No food and drink is allowed in the Mary Paley Room
I really hope students find this new group study space at the Marshall Library useful and I welcome any feedback you may have. 

Clare