Article Title

Raised on Robbery


The Stakeholder Society. By Bruce Ackerman and Anne Alstott. New Haven, Connecticut: Yale University Press, 1999. Pp. xi + 296.

In 1980, Harvard University decided to give the great and radical English economist Joan Robinson an honorary degree. Having gotten wind of this event through a leak in one of the world's tightest security systems, I flew to Boston, met up with Mrs. Robinson after the ceremonies, and soon arranged to escort her around Cambridge the following day. Next morning, we found ourselves having to wait some minutes in the lobby of her hotel for, as I recall, a car key. And so Joan Robinson took it upon herself to recite, to me, the entire Nobel lecture that she would never otherwise deliver. All I remember now, is how it began: "When they finally get around to giving me my Nobel Prize, I shall have to say what my contribution was. And I shall say, I invented the distinction between a thought experiment and a hypothesis."

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