On alternative notions of change and choice: Krishna Bharadwaj's legacy

摘要: Krishna Bharadwaj, following upon the work and insights of Sraffa, made substantial contributions to our understanding what is implied in neoclassical notion change its related choice; this respect she appears closer spirit Sraffa’s critique theory than many others. She also supplemented important elements building an alternative approach, based on classical political economy, which free from need employ marginal magnitudes does not require hypothetical or potential changes determine resting positions economic variables. Moreover, choice rescued parable ‘preferences’ given more meaningful contents, allowing for consideration habits, customs power relationships. 1. Premise The consumption production goods kind human activity term ‘economic’ applied; most societies these activities are mediated through exchange capitalist performed organised markets. In history thought, a range different conceptions have been put forward explain how individuals interact markets various accounts advanced ways understand incentives constraints affecting their behaviour decision making. theories, choices conceptualised reasoning at margin. Under ceteris paribus assumption, i.e. that everything else remains unchanged, method provides means measure effects small (technically, infinitesimal) variation quantities selected variables, such as utility cost, compared with relevant prices optimum by individuals. optimal framework fact basis price simultaneously determined neoclassical world.