======================= HES POSTING ================= In reply to Mary Schweitzer: 1. Constrained maximization does not require value in exchange, but if it occurs in Neoclassical Economics, value in exchange is entailed. 2. Value in exchange is the center piece and starting point for NEOCLASSICAL economics. 3. Methodological individualism is a different thing from partial or general equilibrium. 4. Not all economics is Neoclassical. The statistical study of economic time series need not entail a preconceived theory. 5. My error. NEOCLASSICAL economics has not changed. But, having defined Lionel Robbins's economics as Neoclassical, I must say, by definition, that it has not changed. ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]