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Lionel Robbins

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

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.

An Essay on the Nature and Significance of Economic Science

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06/15/1932Books
An Essay on the Nature and Significance of Economic Science by Lionel Robbins first appeared in 1932 as an outstanding English-language statement of the Misesian view of economic method, namely that economics is a social science and must advance its propositions by means of deductive reasoning and...
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The Great Depression

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06/15/1934Books
In 1934, when Lionel Robbins wrote The Great Depression , he was a committed advocate of the Austrian School of economics. This would later change, but in this book he brilliantly applies the Austrian theory of the business cycle to explain the depression—which, he notes, was of unprecedented...
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