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The Theory of Economic Policy in English Classical Political Economy

The Theory of Economic Policy in English Classical Political Economy by Lionel Robbins

Tags Political Theory

08/10/1939Lionel Robbins

Based on a short course of lectures on Theories of Economic Policy which Robbins delivered at the London School of Economics in 1939.

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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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