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A History of Economic Thought: The LSE Lectures

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Lionel Robbins's now famous lectures on the history of economic thought comprise one of the greatest accounts since World War II of the evolution of economic ideas. This volume represents the first time those lectures have been published.

Lord Robbins (1898-1984) was a remarkably accomplished thinker, writer, and public figure. He made important contributions to economic theory, methodology, and policy analysis, directed the economic section of Winston Churchill's War Cabinet, and served as chairman of the Financial Times. As a historian of economic ideas, he ranks with Joseph Schumpeter and Jacob Viner as one of the foremost scholars of the century. These lectures, delivered at the London School of Economics between 1979 and 1981 and tape-recorded by Robbins's grandson, display his mastery of the intellectual history of economics, his infectious enthusiasm for the subject, and his eloquence and incisive wit. They cover a broad chronological range, beginning with Plato, Aristotle, and Aquinas, focusing extensively on Adam Smith, Thomas Malthus and the classicals, and finishing with a discussion of moderns and marginalists from Marx to Alfred Marshall. Robbins takes a varied and inclusive approach to intellectual history. As he says in his first lecture: "I shall go my own sweet way--sometimes talk about doctrine, sometimes talk about persons, sometimes talk about periods." The lectures are united by Robbins's conviction that it is impossible to understand adequately contemporary institutions and social sciences without understanding the ideas behind their development.

Authoritative yet accessible, combining the immediacy of the spoken word with Robbins's exceptional talent for clear, well-organized exposition, this volume will be welcomed by anyone interested in the intellectual origins of the modern world.

393 pages, Paperback

First published January 1, 1998

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About the author

Lionel Robbins

84 books15 followers
Lionel Charles Robbins, Baron Robbins, CH, CB, FBA (22 November 1898 – 15 May 1984) was a British economist, and prominent member of the economics department at the London School of Economics. He is known for his leadership at LSE, his proposed definition of economics, and 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."

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Displaying 1 - 6 of 6 reviews
Profile Image for Praveen Kishore.
135 reviews23 followers
July 24, 2017
A very well written, lucid, engaging and entertaining book on history and development of economics. Being a book based on recorded classroom lectures of Robbins at LSE during 1980-81, it truly displays his mastery and range of ideas. However, the coverage is only upto first world war or upto Marshall and therefore, subsequent development are not part of the book. Overall, a great read!!!
Profile Image for Christopher.
370 reviews12 followers
July 18, 2022
A pure classic in the genre. Verbatim lecture from late in his career. He had a treasure trove of knowledge, reading, sources, and anecdotes to draw on.

I read it slowly, over the course of a year. A lot of it ended up in my own slides.
Profile Image for Moll.
42 reviews2 followers
did-not-finish
April 8, 2010
ECON 314: John Stuart Mill: Political Economy and Social Philosophy
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