Accumulation of Capital


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ROBINSON, Joan. The Accumulation of Capital. London: Macmillan, 1956. Octavo, original black cloth.

First edition of a Cambridge classic in post-Keynesian economics.

"Her magnum opus" (DNB). "In 1931, Joan Robinson belonged to the little 'circus' that helped John Maynard Keynes to make the transition from A Treatise on Money to the General Theory. She became an ardent left-wing Keynesian of the first hour.. But Keynes, Robinson soon realized, was not going to revolutionize capitalism" (Niehans, 304). Robinson developed a distinctive approach that "started from institutions, history, and the 'rules of the game,' asking what sort of economy was being discussed and trying to model its movements in its own historical setting" (DNB). In The Accumulation of Capital, Robinson "conceived the plan of extending the short-tun Keynesian system to the long run, thus developing it into a theory of economic growth" (Niehans, 305). With printed promotional bookmark, with a table and a graph from Robinson's book, laid in. Without original dust jacket. Owner pencil signature; a few penciled marginalia.

Minor bump to lower corner, faint rubbing to spine ends. A near-fine copy.

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