Joan Robinson In NYT From 1976

This is an unbelievably good profile (thanks to Carolina Alves on Twitter) of Joan Robinson in The New York Times from 1976.

One of the best things in the article is about bastardisation of Keynes/Keynesian economics. Bastardisation is the process of intentionally misinterpreting a theory or an ideology to suit one’s political purposes. The economics profession largely bastardised Keynes to dilute his message. But the best thing is that Keynes himself allowed this bastardisation. He had it right but then said a lot of wrong things which allowed economists to do that. Like by doing: “what do you mean, Keynes himself said that”.

According to the article:

In essence, she concedes, “this was Keynes himself enunciating the Bastard Keynesian doctrine.” Clearly this side of Keynes frustrates her. “We, the younger chaps working with him, were to his left,” she remarked.