Economy, asked by Navien192, 1 month ago

Why is Robinson's definition generaly accepted?

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Answered by amrp8794
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Almost 80 years ago, Lionel Robbins proposed a highly influential definition of the subject matter of economics: the allocation of scarce means that have alternative ends. ... Some historical developments are reviewed that render such a view more plausible today than would have been the case in Robbins' time.

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