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A look back on a unique experiment in interventionism in market economies: the European Common Agricultural Policy (1955 – 2015)

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  • Pierre DELFAUD

Abstract

Now that agricultural surpluses, after the removal of quantitative restrictions put into effect thirty years ago, are beginning to reappear, it is an opportune moment to revisit the history of the Common Agricultural Policy. This policy in effect constituted a unique experiment which can only be understood, as in any policy of intervention in market economies, through the combination of three concepts: economic rationality, social acceptability and institutional capability. This can be verified throughout the sixty years of the CAP’s existence, from its formulation (1955-1962) to its establishment with successive readjustments (1962-1992) through to the gradual dismantling (1992-2015). We are thus faced with two models: firstly the policy of price regulation, secondly competition policy compensation.

Suggested Citation

  • Pierre DELFAUD, 2016. "A look back on a unique experiment in interventionism in market economies: the European Common Agricultural Policy (1955 – 2015)," Cahiers du GREThA (2007-2019) 2016-09, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
  • Handle: RePEc:grt:wpegrt:2016-09
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    File URL: http://cahiersdugretha.u-bordeaux.fr/2016/2016-09.pdf
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    References listed on IDEAS

    as
    1. Jean-Charles Asselain & Bertrand Blancheton, 2000. "Les équilibres vitaux : la dépendance alimentaire de l'Europe," Revue Économique, Programme National Persée, vol. 51(2), pages 195-212.
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    More about this item

    Keywords

    History of Europe; agricultural policy; interventionism; price regulation; competition policy;
    All these keywords.

    JEL classification:

    • N54 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: 1913-
    • Q13 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Markets and Marketing; Cooperatives; Agribusiness
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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