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Question
"Economics is neutral between ends". This statement is given by
"Economics is neutral between ends". This statement is given by
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Solution
The correct option is A L Robbins
Lionel Robbins was a
British economist who proposed a very scientific definition on economics where
he emphasized on setting up an effective relationship between
the human wants and scarce means to maximize the satisfaction of
most of the unlimited wants in the economy. Therefore, it
described economics as a neutrality between various wants in the economy as it
studies and solves the problem of scarcity.
Lionel Robbins was a British economist who proposed a very scientific definition on economics where he emphasized on setting up an effective relationship between the human wants and scarce means to maximize the satisfaction of most of the unlimited wants in the economy. Therefore, it described economics as a neutrality between various wants in the economy as it studies and solves the problem of scarcity.
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