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Early Debates on Quality, Market Coordination and Welfare in the U.S. in the 1930s

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  • Jean-Sébastien Lenfant

    (CLERSÉ - Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 - Université de Lille - CNRS - Centre National de la Recherche Scientifique)

Abstract

The paper proposes an overview of early reflections on the issue of quality in economics in the 20th century, within a context of mass production and rising demands from the consumers about product quality. This context (notably the New Deal era) fostered a number of studies and reflections on the part of agricultural economists, home economists, lawyers and reformers about the best way to account for quality uncertainty and quality variations in the economy. This literature is of interest to help us understand the way quality would be involved in analytical economics after WWII and the various rationale of the pro and con the use of official standards to coordinate economic activities.

Suggested Citation

  • Jean-Sébastien Lenfant, 2017. "Early Debates on Quality, Market Coordination and Welfare in the U.S. in the 1930s," Working Papers hal-01763828, HAL.
  • Handle: RePEc:hal:wpaper:hal-01763828
    Note: View the original document on HAL open archive server: https://hal.science/hal-01763828
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    References listed on IDEAS

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    25. Frederick V. Waugh, 1928. "Quality Factors Influencing Vegetable Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 10(2), pages 185-196.
    26. H. E. Erdman, 1933. "The Economic Basis of Market Grades: Discussion by H. E. Erdman," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 15(4), pages 717-719.
    27. Alonzo B. Cox, 1929. "Relation of the Price and Quality of Cotton," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 11(4), pages 542-549.
    28. George A. Akerlof, 1970. "The Market for "Lemons": Quality Uncertainty and the Market Mechanism," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(3), pages 488-500.
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    Cited by:

    1. Thomas Delcey & Guillaume Noblet, 2021. ""The Eyes and Ears of the Agricultural Markets": A History of Information in Interwar Agricultural Economics," Working Papers hal-03227973, HAL.
    2. repec:hal:cesptp:hal-03227973 is not listed on IDEAS

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    Keywords

    Quality; Agricultural economics; New Deal; Consumer movement; Coordination; Standards;
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