Alternatives Quote by Lionel Charles Robbins

Economics is the study of how society manages its scarce resources.

— Greg Mankiw

Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends…

— Ludwig von Mises

Economics is a study of cause-and-effect relationships in an economy. It's purpose is to discern the consequences of various ways of allocating resources which…

— Thomas Sowell

Economics seeks to be a science. Science is supposed to be objective and it is difficult to be scientific when the subject matter, the…

— George Soros

“science of economics should focus on the best use of scarce means to satisfy social ends.”

— Daron Acemoğlu

Economics is the continuation of energy/resources by other means.

— Michael Ruppert

Economics is not an attempt to generalize human desires or human behavior; but to generalize the phenomena of price.

— Michael Joseph Oakeshott

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human…

— Dale T. Mortensen

Economics has been called the dismal science. Once you get to understand it, you may not find it so dismal, but you don't find…

— Jean Chretien

Political Economy or Economics is a study of mankind in the ordinary business of life.

— Alfred Marshall

Just as a poetic discussion of the weather is not meteorology, so an issuance of moral pronouncements or political creeds about the economy is…

— Thomas Sowell

“The science called ‘economics’ is based on an initial act of abstraction that consists in dissociating a particular category of practices, or a particular…

— Pierre Bourdieu