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

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Non-Maximising Behaviour of Farmers-Crop Selection

Crop Selection Ashok Rudra Standard economic theory treats the Economic Man as a maximising agent. The universal assumption is that a producer or seller is a maximiser of short-run profit and this is common to neo-classical and Marxian economics. A close look at the decisions taken by farmers in India, however, suggests that they are guided by considerations other than maximisation of short-run profit.

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