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(1) Use mathematics as shorthand language, rather than as an engine of inquiry. (2)
Keep to them till you have done. (3) Translate into English. (4) Then illustrate by
examples that are important in real life (5) Burn the mathematics. (6) If you can’t
succeed in 4, burn 3. This I do often." According to Marshall, “economics is the
study of mankind in the ordinary business of life, it examines that part of
individual and social action which is most closely connected with the attainment
and with the use of the material requisites of well being.”
Lionel Charles Robbins, Baron Robbins, FBA (22 November 1898 - 15 May
1984) was a British economist and head of the economics department at the
London School of Economics. He is known for his proposed definition of
economics, and for his instrumental efforts in shifting Anglo-Saxon economics
from its Marshallian direction. Robbins is famous for his definition of economics:
Robbins' early essays were combative in spirit, stressing the subjectivist theory of
value beyond what Anglo-Saxon economics had been used to. He wrote a famous
1932 essay on economic methodology. His work on costs (1930, 1934) brought
Wieser's "alternative cost" theorem of supply to England (which was opposed to
Marshall's "real cost" theory of supply). His critique of the Marshallian theory of
the representative firm (1928), and his critique of the Pigovian Welfare Economics
(1932, 1938), influenced the end of the Marshallian empire.
In his Essay on the Nature and Significance of Economic Science, Robbins made
his Continental credentials clear. Redefining the scope of economics to be "the
science which studies human behavior as a relationship between ends and scarce
means which have alternative uses" (Robbins, 1932).
Between 1987 and 1994, Kris headed the technical operations of KSA/Infosys (a
joint venture between Infosys and KSA at Atlanta, U.S.) as Vice President
(Technical). In 1994, Kris returned to India and was appointed Deputy Managing
Director of Infosys.
On June 22, 2007, Kris was appointed the CEO and Managing Director of Infosys.
Kris previously served as the Chief Operating Officer (April 2002), and as the
President and Joint Managing Director (August 2006). His responsibilities
included customer services, technology, investments, and acquisitions.
Biographical Sketch
of
Mr. Naveen Jindal