Lionel Robbins, Baron Robbins Quotes

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The economist studies the disposal of scarce means. He is interested in the way different degrees of scarcity of different goods give rise to different ratios of valuation between them, and he is interested in the way in which changes in conditions of scarcity, whether coming from changes in ends or changes in means—from the demand side or the supply side—affect these ratios. Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses.

Lionel Robbins, Baron Robbins

Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.

Lionel Robbins, Baron Robbins

Lionel Robbins, Baron Robbins

Lionel Robbins, Baron Robbins

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Born: November 22, 1898

Died: May 15, 1984 (aged 85)

Bio: Lionel Charles Robbins, Baron Robbins was a British economist and body of the economics department at the London School of Economics.

Known for:

A history of economic thought
The economic problem in peace and war (1947)
Autobiography of an economist (1971)

Lionel Robbins on Wikipedia

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