The nature and significance of economic science: Lionel Robbins revisited

This year marks the 75th anniversary of Lord Lionel Robbins's An Essay on the Nature and Significance of Economic Science - the book where he famously redefined the scope of economics to be:

the science which studies human behavior as a relationship between scarce means which have alternative uses.

As Ken Binmore writes, Robbins "beat the drum for what eventually evolved into neoclassical economics." Robbins also emphasised the importance of separating economics and psychology, making him "an ogre for the new school of behavioral economists".

The LSE and the editors of Economica organised a 75th Anniversary Conference to mark the occassion. Held in London yesterday and today, there have been a wonderful array of contributions. There are 22 full papers and 8 abstracts available online from leading economists including Richard Lipsey, Ken Binmore, David Colander, Charles Goodhardt and Roger Backhouse.

For any readers with a good working knowledge of, and interest in, economic history, methodology, or the purposes of economics, I recommend you dive straight in.

Comments

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Prof.Robbin's definition is microeconomic, is'nt it?

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For many years I’ve been telling students that Robbins defined economics as, “The study of mankind in the ordinary business of life choosing between ends and scarce means that have alternative usage”. What is the source of your defintion? My research suggests that my the definition I have been used was a quote from Robbins based on Marshall’s defintion!! Best wishes.

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Robbins is famous for his definition of economics:
"Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses."

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Robbins is famous for his definition of economics:

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