Lionel Robbins
Lionel Robbins was a prominent British economist known for his influential work in the field of economics, particularly for his definition of economics as the study of human behavior in relation to the allocation of scarce resources. His seminal book, 'An Essay on the Nature and Significance of Economic Science,' published in 1932, has had a lasting impact on economic theory. Robbins's work emphasized the importance of choice and the limitations imposed by scarcity, shaping the modern understanding of microeconomic principles.
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Lithuania:
Lionel Robbins clearly outlined the foundations of modern market economics.
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