Dinsdag quote

But what, then, is the significance of Economic Science? (It provides) no norms which are binding in practice. It is incapable of deciding as between the desirability of different ends. It is fundamentally distinct from Ethics. Wherein, then, its unquestionable significance consist? Surely it consists in just this, that, when we are faced with a choice between ultimates, it enables us to choose with full awareness of the implications of what we are choosing. Faced with the problem of deciding between this and that, we are not entitled to look to Economics for the ultimate decision. There is nothing in Economics which relieves us of the obligation to choose.

Lionel Robbins (1935). An Essay on the Nature and Significance of Economic Science

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