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.