...Review, Vol. 75, 53-68, Copyright © 1985, with permission from the American Economic Association.) Economics is the science which studies human behavior as a relationship between ends and scarce means that have alternative uses. Lionel Robbins [1962,p. 16] As to Marshall, how terribly narrow, dull,...

...supplanted by that of Lionel Robbins (1935, p. 16): "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." On Robbins's definition, economics must be fundamentally about the individual. Modern macroeconomics...

...things radically with his new definition of economics as 'the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses'. This forced sociologists such as Talcott Parsons onto a different tack. Sociology was to be the study...

...about choice, opportunity costs, and trade-offs. Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. (Robbins 1952, p. 16) Notice this definition not only has nothing to do with "material wealth," it...

...is scarcity: as Robbins (1932, p. 16) wrote 'Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses'. Economists do not need to confine themselves to those domains we traditionally think of as 'economic'...

...supplanted by that of Lionel Robbins (1935, p. 16): "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses." On Robbins's definition, economics must be fundamentally about the individual. Modern macroeconomics...

...16) famous definition of economics was that 'Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses'. However, as most professional economists have long been well aware, attempts to move from a more or...

...of Economic Science (1932) provided the definition to which most present-day economists subscribe: "Economics is the science which studies human behavior...ends and scarce means which have alternative uses." In more modern terminology, economics is defined by economists as a universal science of decision-making...

...concem to affairs of the institutions of me exchange economy. Rather, Robbins defined economics as 'the science which studies human behavior as a relationship...between ends and scarce means which have alternative uses'.116 The crux of the economic input, by Robbins, is (i) to identify alternatives that are economical...

...Lionel Robbins (1935, p. 15) in his book /In Essay on the Nature and Significance of Economic Science: "Economics is the science which studies human behavior as a relationship between ends and scarce means that have alternative uses." It is the study of human behavior as a relationship. These days economists...