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Question

Lionel Robbins has offered most scientific definition in his famous book, titled ......

A
An Essay on the Nature and Cause of the Wealth of Nations
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B
An Essay on the principal of Economic Science
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C
An Essay on the Nature and Significance of Economic Science
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D
An Enquiry into the Nature and Cause of the Wealth of Nations
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Solution

The correct option is C An Essay on the Nature and Significance of Economic Science

Lionel Charles Robbins (1898-1984) was one of the leading English economists of the twentieth century. His An Essay on the Nature and Significance of Economic Science (1932) is as an outstanding statement of the Misesian view of economic method; that is, namely, that economics is a social science and must advance its propositions by means of deductive reasoning and not through the methods used in the natural sciences. Hence we can say that most scientific definition is given by lionnel robbins in his famous An Essay on the Nature and Significance of Economic Science.


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