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Lionel Charles RobbinsBritish economist
Date of Birth: 22.11.1898
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Content:
- Lionel Robbins
- LSE and Economic Contributions
- Post-War Career
- Legacy and Honors
- Key Publications
- 1982:No Place for Ideas: Memoirs of Lionel Robbins
Lionel Robbins
Early Life and EducationLionel Robbins was a prominent British economist who made significant contributions to the development of economic thought. Born in 1898, he studied at Oxford University before joining the London School of Economics (LSE) in 1920.
LSE and Economic Contributions
In 1929, Robbins became the director of LSE, where he played a crucial role in shaping the school's curriculum and research. He was known for his challenging approach to economic theory, particularly his critiques of Alfred Marshall's work. Robbins was influenced by the ideas of William Stanley Jevons, Philip Wicksteed, and Continental economists such as Léon Walras and Friedrich von Wieser.
His famous definition of economics, "Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses," became a touchstone for economic thought. Robbins advocated for individualism and free markets, opposing the collectivist ideas gaining traction at the time.
Post-War Career
After his time at LSE, Robbins held various prestigious positions, including the first Chancellor of the University of Stirling and the President of the Royal Economic Society. He continued to contribute to economic literature and influenced British higher education policy.
Legacy and Honors
Robbins died in 1984, leaving behind a lasting legacy in the field of economics. He was a highly respected figure known for his sharp intellect and challenging ideas. In 1959, he was awarded a life peerage as Baron Robbins, and a building at LSE bears his name in recognition of his contributions to the school.
Key Publications
1932:An Essay on the Nature and Significance of Economic Science1935:The Great Depression
1943:The Economic Problem in Peace and War
1946:The Economic Basis of Class Conflict and Other Essays in Political Economy
1971:The Theory of Economic Development in the History of Economic Thought
