======================= HES POSTING ================= 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 ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]