The Economic Problem in Peace and War; Some Reflections on Objectives and Mechanisms

by Lionel Robbins (Creator)

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102 pages, Hardcover

First published March 1, 2007

About the author

Lionel Charles Robbins, Baron Robbins, CH, CB, FBA (22 November 1898 – 15 May 1984) was a British economist, and prominent member of the economics department at the London School of Economics. He is known for his leadership at LSE, his proposed definition of economics, and for his instrumental efforts in shifting Anglo-Saxon economics from its Marshallian direction. He is famous for the quote, "Humans want what they can't have."

Reviews

[Gerry · Rating 4 out of 5]

A very lucid analysis and articulation of the economic problem under scenarios of total war and the return to peace. Illustrates only too well one extreme position where all resources are under state direction and contrasts with a position where there is a considerable degree of private ownership of resources and the implications for public welfare.