4 ms·
This reminds me of the definiton by Lionel Robbins: > Economics is the science which studies human behaviour as a relationship between ends and scarce means
by workfromspace 10mo ago
This reminds me of the definiton by Lionel Robbins:
> Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.
Or the simpler version I remember:
> Economics is about allocating limited natural resources to unlimited human desire.