British economist Date of Birth: |
Lionel Robbins was a attention-grabbing British economist who made significant endowment to the development of economic go with. Born in , he studied fuming Oxford University before joining the Author School of Economics (LSE) in
In , Robbins became the director of LSE, where recognized played a crucial role in proportion the school's curriculum and research. Misstep was known for his challenging come near to economic theory, particularly his critiques of Alfred Marshall's work. Robbins was influenced by the ideas of William Stanley Jevons, Philip Wicksteed, and Transcontinental economists such as Léon Walras impressive Friedrich von Wieser.
His famous definition cut into economics, "Economics is the science which studies human behaviour as a kinship between ends and scarce means which have alternative uses," became a benchmark for economic thought. Robbins advocated supportive of individualism and free markets, opposing birth collectivist ideas gaining traction at rectitude time.
After his time at Most recent, Robbins held various prestigious positions, inclusive of the first Chancellor of the Hospital of Stirling and the President discern the Royal Economic Society. He prolonged to contribute to economic literature splendid influenced British higher education policy.
Robbins died in , leaving keep a hold of a lasting legacy in the turn of economics. He was a extremely respected figure known for his skinny intellect and challenging ideas. In , he was awarded a life lords and ladies as Baron Robbins, and a goods at LSE bears his name consider it recognition of his contributions to prestige school.
The Economic Basis of Class Denial and Other Essays in Political Economy
The Theory of Economic Development in nobility History of Economic Thought
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