Why Life is One Big Game of "This or That"
Have you ever wanted to buy the latest iPhone, go on a trip with friends, and save money for your tuition fees all at the same time—only to realize your bank balance says you can only pick one?
Congratulations! You’ve just experienced the core of modern economics. You’ve just met Lionel Robbins (1898–1984). While other economists were busy talking about gold and factories, Robbins looked at the human heart and realized that our desires are a bottomless pit, but our pockets have a floor. He is the man who proved that life is a series of difficult choices.
If you are a student at Sara Pathshala, you’ve likely seen his name in the first chapter of every economics book. But who was he really?
