ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Documenting Rural Change in Bangladesh

book on Marshall (essay 6: The Subversion of Classical Analysis: Alfred Marshall's Early Writing on Value'; essay 7: 'Marshall on Pigou's Wealth and Welfare'; and partly essay 10: 'Sraffa's Return to Classical 'Theory') which show how Marshall, despite his stated adherence to the foundation of the classical political economy, actually tended to almost subvert it by introducing concepts of equilibrium through demand and supply. The classical questions of the relation between profit and surplus if not totally lost sight of, at least got relegated to the background. These essays do not perhaps form the core of the central theme of the book but they demonstrate how the Mar- shalhian supply and demand approach came to be formulated by changing the questions. The last essay is a tribute to Sraffa. It is beautifully written; incidentally it also explains how Sraffa's work inspired Bharadwaj, among several others, to carry forward the classical line tradition of enquiry into the fundamental questions that the classical economists had posed originally.

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