Some Notes on Capital, Expectations and the Analysis of Changes

When I was asked to contribute to this volume I thought that the following work, done back in 1976 as part of a discussion with Joan Robinson, might be of some interest to a wider public. It is presented here in the spirit of the kind of commemoration she would have preferred — a discussion of her work in order to further the construction of a more satisfactory economic theory: the aim she single-mindedly pursued in her work, earning the respect and admiration of both those who did and those who did not share her critical stance.