IDEAS home Printed from https://ideas.repec.org/h/pal/psachp/978-3-031-53840-7_9.html
   My bibliography  Save this book chapter

Food in the Macroeconomy: The Whole is More Than the Sum of its Parts

In: Food Economics

Author

Listed:
  • William A. Masters

    (Tufts University)

  • Amelia B. Finaret

    (Allegheny College)

Abstract

This chapter shows how the food system interacts with society and the economy as a whole. That larger macroeconomy involves the circular flow of goods and services exchanged among people within each country, including their trade and investment with other people in the rest of the world. The exchange of goods and services among households and businesses is facilitated by a supply of money from the government’s central bank, and a set of public services and goods provided through the government using tax revenue and additions to the money supply issued by the central bank. The government’s monetary and fiscal policies influence the pace of economic growth and development, by helping people save and invest to improve their living standards during periods of economic expansion, and by influencing the depth and duration of recessions when people cut back on investment and spending. Growth and fluctuations both have large impacts on agriculture, food and health.

Suggested Citation

  • William A. Masters & Amelia B. Finaret, 2024. "Food in the Macroeconomy: The Whole is More Than the Sum of its Parts," Palgrave Studies in Agricultural Economics and Food Policy, in: Food Economics, chapter 0, pages 291-328, Palgrave Macmillan.
    • Handle: RePEc:pal:psachp:978-3-031-53840-7_9
    DOI: 10.1007/978-3-031-53840-7_9
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:psachp:978-3-031-53840-7_9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.