----------------- HES POSTING ----------------- 
David Colander wrote: 
 
"Today all we teach is price theory, although by the lack of discussion of how price
theory does not necessarily reflect value, we often mislead students into thinking we are
teaching them more than what we are."
 
This reminded me of the addage that in commercial society, we quicky learn the price of
everything; but alas, we are often clueless about the value of many things. I wonder what
role economists play in this. I thank you all for your comments and the reference to
Barbara Herrnstein's book.
 
Sumitra Shah 
 
------------ FOOTER TO HES POSTING ------------ 
For information, send the message "info HES" to [log in to unmask]