Critically evaluate Lionel Robbins’ account of economics as “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.”

Please write an answer to one of the essay questions listed below:

(1) Critically evaluate Lionel Robbins’ account of economics as “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.”

(2) Is it too simple to say that Marx’s key insight was that inequality crucially influences the growth of an economy?

(3) “The central achievement of Adam Smith’s approach to economics is his explanation of how freely-formed market prices bring about an equilibrium in which the unrestrained pursuit of selfinterest
also promotes the public good.” Discuss.

Your essay should be no longer than 2000 words in total (including all footnotes and endnotes, but excluding the question title and bibliography). Please ensure that any references you use are fully cited and that you follow a standard academic style of referencing.

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