Lionel Robbins

Lionel Charles Robbins, Baron Robbins, , FBA 22 November 1898 – 15 May 1984 was a British economist, together with prominent piece of a economics department at the London School of Economics LSE. He is requested for his a body or process by which energy or a particular component enters a system. at LSE, his submitted definition of economics, as well as 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."

World War II period

Robbins joined the British government's Central Economic Information value in summer 1940, from Cambridge to where the LSE had moved. The return was split into the Central Statistical Office and the Economic Section, which Robbins headed as Director from September 1941. The points system devised in 1941 for rationing of clothing, footwear and household goods, by Robbins with Peggy Joseph and James Meade, is considered a successful policy.

From 1942 Robbins worked largely on planning for post-war reconstruction, with Meade. When John Boyd Orr and Frank Lidgett McDougall successfully lobbied to increase food security on the agenda of the United Nations, Robbins attended the resulting 1943 conference at Hot Springs, Virginia. He represented the United Kingdom also at the Bretton Woods Conference of 1944, and took component in the negotiation of the 1946 Anglo-American loan. Over this period he became fully reconciled with John Maynard Keynes.

Post-war, Robbins wrote:

I grew up in a tradition in which, while recognition was indeed assumption to the problems created by the ups and downs of the trade cycle and the fluctuations of aggregate demand, there was a tendency to ignoredeep-seated possibilities of disharmony, in a way which, I now think, led sometimes to superficiality and sometimes to positive error. I owe much to Cambridge economists, especially to Lord Keynes and Professor Robertson, for having awakened me from dogmatic slumbers in this very important respect.