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Cambridge Journal of Economics Advance Access published online on January 20, 2007
Cambridge Journal of Economics, doi:10.1093/cje/bel043
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© The Author 2007. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Joan Robinson and socialist planning in the years of high theory

Prue Kerr*

* University of Western Australia

Address for correspondence: Honorary Research Fellow of the Discipline of English, Communication and Cultural Studies, School of Social and Cultural Studies, University of Western Australia; email: pruekerr{at}cyllene.uwa.edu.au

The 1930s and on into the war years was an active time for socialist economists. Joan Robinson was involved in two revolutions—the ‘new’ theory of imperfect competition and the Keynesian theory of unemployment. She was at the same time a participant in the discussions about socialist planning of the Labour Party, using her new theory to discuss issues of market structure and using Keynes's theory to discuss unemployment and planning and the wage share: she wrote for a popular audience. Drawing together her thoughts about the various sectors of the economy, she produced her own version of a socialist plan for Britain. The material for this study includes pamphlets not republished since 1943–44, publications in the popular press, academic published papers, correspondence and manuscripts of BBC broadcasts.

Key Words: Joan Robinson • Socialist planning • Imperfect competition • Keynesian

JEL classifications: B 24, B31

Manuscript received December 15, 2005; final version received September 16, 2006.


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