IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v44y2012i03p281-289_00.html
   My bibliography  Save this article

Market Failures and Land Grant Universities

Author

Listed:
  • Epplin, Francis M.

Abstract

One hundred and fifty years ago, the 1862 Morrill Land Grant Act was signed into law. Wise people at that time recognized that the private market for education failed to produce an efficient level of education decades before the economic theory was developed to explain that market failures reduce efficiency. The purpose of this paper is to review the history of selected events that resulted in the development of publicly funded U.S. educational institutions and to issue a challenge for our profession to do a better job of educating about the theoretical justification for using tax dollars to support university education and agricultural research and the efficiency enhancing consequences of that use.

Suggested Citation

  • Epplin, Francis M., 2012. "Market Failures and Land Grant Universities," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(3), pages 281-289, August.
    • Handle: RePEc:cup:jagaec:v:44:y:2012:i:03:p:281-289_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1074070800000365/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Epplin, Francis M., 2012. "Market Failures and Land Grant Universities," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 44(3), pages 281-289, August.
    2. W. Lee Hansen & Michael K. Salemi & John J. Siegfried, 2002. "Use It or Lose It: Teaching Literacy in the Economics Principles Course," American Economic Review, American Economic Association, vol. 92(2), pages 463-472, May.
    3. Attavanich, Witsanu & McCarl, Bruce A., 2011. "The Effect of Climate Change, CO2 Fertilization, and Crop Production Technology on Crop Yields and Its Economic Implications on Market Outcomes and Welfare Distribution," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103324, Agricultural and Applied Economics Association.
    4. Otto C. Doering, 2007. "The Political Economy of Public Goods: Why Economists Should Care," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(5), pages 1125-1133.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Epplin, Francis M., 2012. "Market Failures and Land Grant Universities," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(3), pages 1-9, August.
    2. Doye, Damona, 2013. "Outreach Matters," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45, pages 1-7, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Karla Borja & Suzanne Dieringer, 2023. "Telling My Story: Applying Storytelling to Complex Economic Data," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(3), pages 328-348, June.
    2. Bret Sikkink, 2019. "Socratic Seminars in the Economics Classroom," Journal of Economics Teaching, Journal of Economics Teaching, vol. 4(2), pages 76-92, December.
    3. Soltani, Shiva & Mosavi, Seyed Habibollah & Saghaian, Sayed H. & Azhdari, Somayeh & Alamdarlo, Hamed N. & Khalilian, Sadegh, 2023. "Climate change and energy use efficiency in arid and semiarid agricultural areas: A case study of Hamadan-Bahar plain in Iran," Energy, Elsevier, vol. 268(C).
    4. Gebhard Kirchgässner, 2011. "Kaderschmieden der Wirtschaft und/oder Universitäten? Der Auftrag der Wirtschaftsuniversitäten und –fakultäten im 21. Jahrhundert," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 12(3), pages 317-337, August.
    5. Jonathan Guest, 2015. "Reflections on ten years of using economics games and experiments in teaching," Cogent Economics & Finance, Taylor & Francis Journals, vol. 3(1), pages 1115619-111, December.
    6. Wayne Geerling, 2012. "Bringing the 'Dismal Science' to Life: Teaching Economics Through Multimedia," International Review of Economic Education, Economics Network, University of Bristol, vol. 11(2), pages 81-90.
    7. Samira Shayanmehr & Jana Ivanič Porhajašová & Mária Babošová & Mahmood Sabouhi Sabouni & Hosein Mohammadi & Shida Rastegari Henneberry & Naser Shahnoushi Foroushani, 2022. "The Impacts of Climate Change on Water Resources and Crop Production in an Arid Region," Agriculture, MDPI, vol. 12(7), pages 1-22, July.
    8. Liu, Ziheng, 2025. "CO2-driven crop comparative advantage and planting decision: Evidence from US cropland," Food Policy, Elsevier, vol. 130(C).
    9. KimMarie McGoldrick & Robert Garnett, 2013. "Big Think: A Model for Critical Inquiry in Economics Courses," The Journal of Economic Education, Taylor & Francis Journals, vol. 44(4), pages 389-398, October.
    10. Mark Maier & Joann Bangs & Niels-Hugo Blunch, 2010. "Context-rich Problems in Economics," Chapters, in: Michael K. Salemi & William B. Walstad (ed.), Teaching Innovations in Economics, chapter 8, Edward Elgar Publishing.
    11. Attavanich, Witsanu & McCarl, Bruce A. & Fuller, Stephen W. & Vedenov, Dmitry V. & Ahmedov, Zafarbek, 2011. "The Effect of Climate Change on Transportation Flows and Inland Waterways Due to Climate-Induced Shifts in Crop Production Patterns," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 109241, Agricultural and Applied Economics Association.
    12. Robert F. Garnett, Jr., 2009. "Rethinking The Pluralist Agenda In Economics Education," International Review of Economic Education, Economics Network, University of Bristol, vol. 8(2), pages 58-71.
    13. Robin Bartlett & Marianne Ferber & Carole Green, 2009. "The Committee on Economic Education: Its Effect on the Introductory Course and Women in Economics," Forum for Social Economics, Taylor & Francis Journals, vol. 38(2-3), pages 153-172, January.
    14. van de Laar, M.M. & de Neubourg, C.R.J., 2004. "Emotions and foreign direct investment: a theoretical and emperical exploration," Research Memorandum 013, Maastricht University, Maastricht Research School of Economics of Technology and Organization (METEOR).
    15. Jeffrey Wagner, 2007. "Plato's Republic and liberal economic education for the twenty-first century," Economics Bulletin, AccessEcon, vol. 1(2), pages 1-10.
    16. Mark Maier & Tisha L.N. Emerson, 2010. "Online Faculty Instruction to Improve Interactive Teaching of Economics," Chapters, in: Michael K. Salemi & William B. Walstad (ed.), Teaching Innovations in Economics, chapter 2, Edward Elgar Publishing.
    17. Alison Rothwell & Brad Ridoutt & William Bellotti, 2016. "Greenhouse Gas Implications of Peri-Urban Land Use Change in a Developed City under Four Future Climate Scenarios," Land, MDPI, vol. 5(4), pages 1-23, December.
    18. Martin Kniepert, 2014. "Die (Neue) Institutionenökonomik als Ansatz für einen erweiterten, offeneren Zugang zur Volkswirtschaftslehre," Working Papers 552014, University of Natural Resources and Life Sciences, Vienna, Department of Economics and Social Sciences, Institute for Sustainable Economic Development.
    19. Robert Garnett & John Reardon, 2011. "Big Think: A Model for Critical Inquiry in Economics Courses," Working Papers 201102, Texas Christian University, Department of Economics.
    20. Doye, Damona, 2013. "Outreach Matters," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 45, pages 1-7, August.

    More about this item

    Statistics

    Access and download statistics

    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:cup:jagaec:v:44:y:2012:i:03:p:281-289_00. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    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.