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"Economic Correctness" And Agricultural Economics

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  • Christy, Ralph D.

Abstract

This address is directed toward applied economists as they provide information to private and public decision makers. Central to this discussion is the role of markets as institutions in achieving society's desired ends. Current "economic correctness" -the view that unfettered markets are superior in achieving efficiency, growth, and welfare- has attempted to return a larger role to the private sector, but the relative roles of market-oriented versus government-oriented solutions to problems are often not well appraised. Views presented herein calls for agricultural economists to move simultaneously toward an understanding of the strategic behavior of firms in imperfectly competitive markets and toward an adoption of policy analysis consistent with a socially complex and globally integrated economy.

Suggested Citation

  • Christy, Ralph D., 1993. ""Economic Correctness" And Agricultural Economics," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 25(1), pages 1-13, July.
    • Handle: RePEc:ags:joaaec:15221
    DOI: 10.22004/ag.econ.15221
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    References listed on IDEAS

    as
    1. Bonnen, James T., 1989. "Relevancy Of The Social Sciences In The Policy Arena: Implications For Agricultural Economics," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 21(1), pages 1-10.
    2. Gordon C. Rausser, 1982. "Political Economic Markets: PERTs and PESTs in Food and Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 821-833.
    3. James P. Houck, 1992. "The Comparative Advantage of Agricultural Economists," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(5), pages 1059-1065.
    4. Bonnen, James T., 1989. "Relevancy of the Social Sciences in the Policy Arena: Implications for Agricultural Economics," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(1), pages 41-50, July.
    5. Gordon C. Rausser, 1982. "Political Economic Markets: PERTs and PESTs in Food and Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 821-833.
    6. Gordon C. Rausser, 1982. "Political Economic Markets: PERTs and PESTs in Food and Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(5), pages 821-833.
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    Cited by:

    1. Christy, Ralph D., 1994. "Private Strategies and Public Policies: The Economics of Information and the Economic Organization of Markets," Re-Engineering Marketing Policies for Food and Agriculture - FAMC 1994 Conference 265976, Food and Agricultural Marketing Consortium (FAMC).
    2. Christy, Ralph D., 1994. "Private Strategies and Public Policies: The Economics of Information and the Economic Organization of Markets," Staff Papers 121314, Cornell University, Department of Applied Economics and Management.
    3. Harris, Harold M., Jr., 2000. "Agricultural Economics In The New Millennium: Lessons From The Old Millennium," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 32(2), pages 1-8, August.

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