Lionel Robbins: An Essay on the Nature and Significance of Economic Science

'The slim volume here reprinted nearly a half century after its first appearance, along with Lord Robbins's Ely lecture on the same subject, can only be regarded as a dangerous revolutionary document. It caused an upheaval in the settled habits of thought of professional economists very soon after its appearance, and it engendered controversy which has not yet abated–controversy which continues to be created now as it was then. Even those who disagree most strongly with positions taken in this book will readily acknowledge that they are substantial, and that they have changed the course of economics by forcing economists to separate out clearly what they can derive from analysis standing firmly an logical and empirical evidence and the conclusions dependent on the observer's personal ethical precepts.'
(from William J. Baumol's foreword)

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