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 ...

A British economist, Lionel Robbins, introduced the scarcity-centred definition of economics in his 1932 book, ‘An Essay on the Nature and Significance of Economic Science’. Robbins defined economics ...

He needs to go back to Lionel Robbins’ definition of economics and, inter alia, again refresh his memory to the essential basic concept that the economist, as such, is not concerned with the ...

Revisiting Lionel Robbins’ classic definition, the article emphasized that economics is fundamentally about choices in the face of limited means, but questions whether scarcity is truly natural ...

1. Understanding Economics (i) Definition of Economics: Adam Smith, Alfred Marshall, Lionel Robbins, Samuelson. (ii) Micro and Macro Economics – Meaning and Difference.