Re: Mirowski and critiques

["Alan G. Isaac" <AISAAC@xxxxxxxxxxxx>]

In replying here, I'm not claiming to be a mathematician. I am
claiming that we don't need a mathematician to assess the
relevance of this kind of conservation principle to the
coherence of the neoclassical model. I must rely on the
discussion on this list, but if it is accurate the claim is
absurd. The formalisms of constrained maximization are well
understood and are not particular to neoclassical economists.
Since strictly monotonically increasing transformations of
a utility function have no effect on the expenditure function,
the conservation principle cited _cannot_ be an implication
of the formalism.

--Alan G. Isaac