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Agriculture And The State: Market Processes And Bureaucracy

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  • Pasour, E. C., Jr.

Abstract

This paper_considers the politi_cal econ~my of agriculture and the implications for economic analysis. In doing so, four topics are ad~ ressed. First, problems o~ pi:ivat~ choice are c?ntras!ed with_ those encountered in collective choice. Second, the "market failure" ra! 10nale for govern~ent red1~tnbut10~ progr~ms m agnculture 1s contrasted with "rent seeking". Third, implications of information and •?cen~1ve p~blems inherent m ~ollecllve ch~1ce are e~lored. ~e subjective nature of cost is shown to be important in economic regulation, mclud1n~ cost of produc!1on as a basis for agncultural price supports. Finally, the results of the analysis are related to the work agenda of agncul!ural econom_ists. The Robbin_sian maximization approach is contrasted with radical subjectivism. If information about mea~s and ends ~s assumed given,. the economic proble~ ~ecomcs computational. The challenge is to develop economic analyses that proVIde ~ore s_at1sfactol):' explan_a!1ons of human behaVIor m a world of uncertainty, where outcomes of plans differ from predictions. ~on_o~ic efficiency stud1_es tra_d111onally have ~ocuse~ on outcomes of the market process. However, since costs and benefits arc subjectiv~, 11 IS argued th~t effic_iency 1s more appropnatel_Y Judged by_the process through which transactions are carried out than by the results. lnsights from public choice theory and neo-Austrian economics are held to be important in improving the institutional framework in public policy analysis.

Suggested Citation

  • Pasour, E. C., Jr., 1990. "Agriculture And The State: Market Processes And Bureaucracy," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 29(4), December.
    • Handle: RePEc:ags:agreko:267316
    DOI: 10.22004/ag.econ.267316
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    References listed on IDEAS

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    1. Demsetz, Harold, 1969. "Information and Efficiency: Another Viewpoint," Journal of Law and Economics, University of Chicago Press, vol. 12(1), pages 1-22, April.
    2. Jack Wiseman, 1989. "Cost, Choice and Political Economy," Books, Edward Elgar Publishing, number 472.
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    6. E. C. Pasour, 1980. "Cost of Production: A Defensible Basis for Agricultural Price Supports?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(2), pages 244-248.
    7. Charles W. Baird, 1989. "James Buchanan and the Austrians: The Common Ground," Cato Journal, Cato Journal, Cato Institute, vol. 9(1), pages 201-230, Spring/Su.
    8. Ellman,Michael, 2014. "Socialist Planning," Cambridge Books, Cambridge University Press, number 9781107074736.
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    Cited by:

    1. Goodwin, Barry K., 2000. "Instability And Risk In U.S. Agriculture," Journal of Agribusiness, Agricultural Economics Association of Georgia, vol. 18(1), pages 1-19, March.
    2. Gary D. Libecap, 1998. "The Great Depression and the Regulating State: Federal Government Regulation of Agriculture, 1884-1970," NBER Chapters, in: The Defining Moment: The Great Depression and the American Economy in the Twentieth Century, pages 181-224, National Bureau of Economic Research, Inc.
    3. Mahabile, M. & Lyne, Michael C. & Panin, A., 2005. "An empirical analysis of factors affecting the productivity of livestock in southern Botswana," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 44(1), pages 1-19, March.
    4. Mahabile, M & Lyne, M & Panin, A, 2002. "Factors Affecting The Productivity Of Communal And Private Livestock Farmers In Southern Botswana: A Descriptive Analysis Of Sample Survey Results," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 41(4).
    5. James Risbey & Milind Kandlikar & Hadi Dowlatabadi & Dean Graetz, 1999. "Scale, context, and decision making in agricultural adaptation to climate variability and change," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 4(2), pages 137-165, June.
    6. David Pelletier & Vivica Kraak & Christine McCullum & Ulla Uusitalo, 2000. "Values, public policy, and community food security," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 17(1), pages 75-93, March.
    7. Simms, P., 1996. "A Financial Model To Fund Land Redistribution In The Sugar Industry Of Kwazulu-Natal," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    8. Pasour, E. C., Jr., 1990. "Agricultural Policy Analysis: Problems And Opportunities," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 29(4), December.
    9. Vink, N., 1992. "Expanding The Playing Field: South Africa, Southern Africa And The Role Of The Agricultural Economist," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 31(4), December.
    10. MC Lyne & MAG Darroch, 1997. "Broadening access to land markets: Financing emerging farmers in South Africa," Development Southern Africa, Taylor & Francis Journals, vol. 14(4), pages 561-568.

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    Keywords

    Agricultural and Food Policy; Marketing;

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