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Lionel Robbins

Tags Business CyclesPhilosophy and Methodology

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

Philosophy and MethodologyPraxeology

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

Business CyclesGold StandardInterventionism

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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All Works

The Twofold Roots of the Great Depression: Inflationism and Intervention

Booms and BustsThe FedU.S. EconomyInterventionism

10/01/2010Mises Daily Articles
It is not the system of private enterprise and free markets that is responsible. It is the suspension of that system. It is not capitalism but interventionism and monetary uncertainty that are responsible for the persistence of the slump.

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The Economic Causes of War

Global EconomyWar and Foreign Policy

08/10/1968Books
Robbins' analysis here presented has still a place in the rational discussion of the possible causes of war...

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The Theory of Economic Development in the History of Economic Thought

History of the Austrian School of EconomicsProduction Theory

02/09/1967Books
Based on the 1966 Chichele lectures, Robbins's book concentrates on the history of the main propositions of the theory of development·as they apply to a closed economy...

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The Theory of Economic Policy in English Classical Political Economy

Political Theory

08/10/1939Books
Based on lectures on Theories of Economic Policy, which Robbins delivered at the London School of Economics in 1939.

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The Great Depression

Business CyclesGold StandardInterventionism

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...

Read more

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