The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a … - Joan Robinson

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Where there is a mind, there are feelings such as pain, pleasure, and joy. No sentient being wants pain: all wants happiness instead.

Joan Robinson

The orthodox doctrines of economics which were dominant in the last quarter of the nineteenth century had a clear message. They supported laisser faire, free trade, the gold standard, and the universally advantageous effects of the pursuit of profit by competitive private enterprise.

Competitive, Gold, Lasts, Message, Messages, Supported

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The fundamental differences between Marxian and traditional orthodox economics are, first, that the orthodox economists accept the capitalist system as part of the eternal order of Nature, while Marx regards it as a passing phase in the transition from the feudal economy of the past to the socialist economy of the future.

Money, Nature, Orthodox, Traditional, Work

When I came up to Cambridge (in October 1921) to read economics, I did not have much idea of what it was about.

Cambridge, Economics, Idea, Ideas, October

Even if the crises that are looming up are overcome and a new run of prosperity lies ahead, deeper problems will still remain. Modern capitalism has no purpose except to keep the show going.

Capitalism, Deeper, Looming, Lying, Overcoming, Running

I came away from the talk with the perception that the risk of adverse side effects is so much greater than the risk of cervical cancer, I couldn’t help but question why we need the vaccine at all.

Cancer, Effects, Greater, Risk, Vaccines

In general, the nightmare quality of Marx's thought gives it, in this bedevilled age, an air of greater reality than the gentle complacency of the orthodox academics. Yet he, at the same time, is more encouraging than they, for he releases hope as well as terror from Pandora's box, while they preach only the gloomy doctrine that all is for the best in the best of all possible worlds.

Air, Complacency, Gentle, Gives, Giving, Reality