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Question
Who expressed the view that "Economics is neutral between ends"?
Who expressed the view that "Economics is neutral between ends"?
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Solution
The correct option is B Robbins
Lionel Robbins was a
British economist who proposed a very scientific definition on economics where
he emphasised on setting up an effective relationship between the human wants and scarce
means to maximise 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 emphasised on setting up an effective relationship between the human wants and scarce
means to maximise 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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