After
comparing the two definitions of economics given by two eminent
economists the following differentiating points have come forward:
Marshal was of the view that economics is a study of mans action in
the ordinary business of life. In other words he wants to study
economics, all those activities which are directly related to wealth.
Robbins on the other hand regards economics as the study of economic
aspect of all human activities. Marshal’s definition is quite
materialistic .he has restricted economics to a study of human behavior
related to wealth. Robbins on the other hand takes in to account the
human behavior related to scarce means.
Marshal’s definition is classificatory. It classifies human activities in to economic activities and non-economic activities. Robbins definition on the other hand is analytical.
Marshal’s definition includes the economic activities of only those persons who member of society. Robbins definition includes the activities of social human beings only as far as they are concerned with wealth. Robbins definition is study of every human behavior, which is related to scar means.
Marshal’s definition is classificatory. It classifies human activities in to economic activities and non-economic activities. Robbins definition on the other hand is analytical.
Marshal’s definition includes the economic activities of only those persons who member of society. Robbins definition includes the activities of social human beings only as far as they are concerned with wealth. Robbins definition is study of every human behavior, which is related to scar means.
No comments:
Post a Comment