The Theory of Economic Development in the History of Economic Thought

Lionel Robbins

Robbins concentrates on the history of the main propositions of the theory of development·as they apply to a closed economy.

This book is based on the 1966 Chichele lectures.

The Theory of Economic Development by Lionel Robbins
Meet the Author
Lionel Robbins
Lionel Robbins

Lionel Charles Robbins (1898-1984) was one of the leading English economists of the twentieth century. His An Essay on the Nature and Significance of Economic Science (1932) is as an outstanding statement of the Misesian view of economic method; that is, namely, that economics is a social science and must advance its propositions by means of deductive reasoning and not through the methods used in the natural sciences. Robbins' The Great Depression (1934) brilliantly applies the Austrian theory of the business cycle to explain the depression—which, he notes, was of unprecedented severity.

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