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Robin Foliet Neill wrote: 
 
>         Neoclassical Economics: Value in exchange, and methodological 
> individualism. 
 
Hmmmm.  Does the concept of constrained maximization (or minimization) 
require "value in exchange"?  True, neoclassicism represented the 
triumph of exchange value vs. labor theory of value, peaking in 
Paul Samuelson's textbook (I would argue), but is that still the 
centerpiece, or starting point, for economic theory? 
 
As for "methodological individualism."   Do you mean partial 
equilibrium?  not sure what you mean -- where do economists who study 
interdependencies, lags, lumps, frictions, etc., fit? 
 
I'll leave the comment about "economics hasn't changed" for others 
on this list ... 
 
-- 
Mary M. Schweitzer , Assoc. Prof., Dept. of History 
Villanova University (on medical leave since January 1995) 
Email:  <[log in to unmask]> 
URL:  http://www2.netcom.com/~schweit2/history.html 
 
 
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