Economics must serve humanity.

Episode 2 - Unlimited Wants, Limited Resources

Author: Robert Skidelsky | Source: INET

Lionel Robbins defined economics as: “the science which studies behavior as a relationship between unlimited wants and limited resources which have alternative uses.”

 

How do we understand this tension between unlimited wants and limited resources? That’s what Robert Skidelsky examines in this second lecture of his INET series, “How and How Not to do Economics.”

Level

Introductory

Field

Thought

Posted

Aug 30, 2021

Content
SHARE

VIDEO

Contributor
Inet Ed.
Admin
Tags: