discuss the critised of Lionel Robbins definition of economics
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Lionel Robbins Definition of Economics
After criticizing definition of economics by Alfred Marshall, Lionel Robbins (22 November 1898 - 15 May 1984) a British economist gave his own definition of economics in his book “An Essay on the Nature and Significance of Economic Science” published in 1932. Lionel Robbins has given scarcity definition of economics in these words, “Economics is a Science that studies human behavior as a relationship between limited resources and unlimited wants which have alternative uses”.
Lionel Robbins claimed that his definition did not suffer from any of these defects. Lionel Robbins definition was analytical rather than classificatory. Instead of discussing a certain type of human behavior, it focused its attention on a particular aspect of human behavior that is behavior concerned with the scarcity of resources and unlimited wants.
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