Whose words are these? "We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper as whether value is governed by utility or cost of production."
Though the concept of consumers surplus can be traced back to the French engineer economist Dupuit, it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist.
Identify the Indian economist who was given an honorary knighthood by the British Government in 1990 for his wide-ranging contribution to education, development economics and finance: