Lionel Robbins quotes

The conditions of recovery which have been stated do indeed involve the restoration of what has been called capitalism. But the slump was not due to these conditions. On the contrary, it was due to their negation. It was due to monetary mismanagement and State intervention operating in a milieu in which the essential strength of capitalism had already been sapped by war and by policy. (Lionel Robbins)
Economics is a science which studies human behavior as a relationship between ends and scarce means which have alternative uses. View quote
Lionel Robbins