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AGRICULTURAL POLICY: It Is Not Necessarily The Best of All Possible Worlds

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  • Pasour, E.C., Jr.

Abstract

The conventional view that economists play an important role in the public policy process is contrasted with "Chicago political economy." This strand of the Chicago School of Economics argues that government programs that survive in the political process are superior to available alternatives. In contrast, it is shown here that a farm program may persist not because it is broadly beneficial but rather because information and incentive problems in the political process lead to perverse results. The conclusion is that agricultural economists can make an important contribution to public policy.

Suggested Citation

  • Pasour, E.C., Jr., 1992. "AGRICULTURAL POLICY: It Is Not Necessarily The Best of All Possible Worlds," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 7(2), pages 1-2.
    • Handle: RePEc:ags:aaeach:131621
    DOI: 10.22004/ag.econ.131621
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    Cited by:

    1. Usry, Robert H., 1992. "Targeting Economic Education Audiences," 1992 Annual Meeting, August 9-12, Baltimore, Maryland 337321, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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    Keywords

    Agricultural and Food Policy;

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