ABSTRACT
Joan Robinson criticizes the two schools of economic orthodoxy, Neoclassical economics and the Keynesian-Neoclassical synthesis (described in textbooks as microeconomics and macroeconomics). She calls into question the basic assumptions of these schools: the ahistorical nature of their analysis; the inability of either school to pose the most important questions about economic systems—in particular capitalism; and their refusal to change in the face of irrevocable evidence and recognized theoretical inconsistencies posed by other economic theories.
