Get An Essay on the Nature and Significance of Economic Science PDF

By Lord Robbins (auth.)

ISBN-10: 0333370392

ISBN-13: 9780333370391

ISBN-10: 1349175102

ISBN-13: 9781349175109

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Extra info for An Essay on the Nature and Significance of Economic Science

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1 Here, then,, is the unity of subject of Economic Science, the forms assumed by human behaviour in disposing of scarce means. The examples we have 1 It should be clear that there is no disharmony between the conception of end here employed, the terminus of particular linea of conduct in acts of final consumption, and the conception involved when it is said that there is but one end of activity-the maximising of satisfaction, "utility", or what not. Our "ends" are to be regarded &B proximate to the achievement of this ultimate end.

But the scarcity of our own time and the s~rvices of others is just as important. The scarcity of the services of the schoolmaster and the sewage man have each their economic aspect. Only by. saying that services are material vibrations or the like can one stretch the definition to cover the whole field. But this is not only perverse, it is also misleading. In this form the definition may cover the field, but it does not describe it. ). Professor Schumpeter, in his Wuen und Hauptinhalt der theoreti&chen NationalDkonomie, has attempted with neve,r to be forgotten subtlety to vindicate the latter definition by demonstrating that it is possible to conceive all the fundamental aspects of behaviour germane to Economic Science as having the form of exchange ..

Now by itself the multiplicity of ends has no necessary interest for the economist. If I want to do two things, and I have ample time and ample means with which to do them, and I do not want the time or the means for anything else, then my conduct assumes none of those forms which are the subject of economic science. Nirvana is not necessarily single bliss. It is merely the complete satisfaction of all requirements. Nor is the mere limitation of means by itself sufficient to give rise to economic phenomena.

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An Essay on the Nature and Significance of Economic Science by Lord Robbins (auth.)


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