Joan Robinson is one of the most prominent economists of the twentieth Century. Among her voluminous contributions to economics, she is most notably renowned for her exposition and development of growth theory. Since John Maynard Keynes's General Theory the centre of interest in economics had shifted from problems of short-period fluctuations (booms and slumps) to long-run development, but a systematic treatment of the subject, showing the relations of the analysis of the long-run trend of an economy to the short-period theory on the one side, and to static theory on the other, had been almost entirely lacking. In this seminal work, Joan Robinson extends Keynes' General Theory to account for the long-run issues of growth and capital accumulation. Robinson's research goes back to the beginning and examines the basic theory that is needed for a coherent treatment of the problems that present themselves in a developing economy. This book is essential reading for all interested in history in economic thought, growth theory development economics.