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A Survey of Agricultural Economics Literature, Volume 1

A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics, 1940s to 1970s

LEE R. MARTIN editor
Copyright Date: 1977
Edition: NED - New edition
Pages: 560
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  • Book Info
    A Survey of Agricultural Economics Literature, Volume 1
    Book Description:

    A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics, 1940s to 1970s was first published in 1977. This is the first volume of a comprehensive three-volume work providing surveys of the literature in agricultural economics which has been published since the 1940s. This first volume contains reviews of the significant literature in seven broad subject areas generally regarded as the traditional fields of agricultural economics. The surveys were prepared by ten leading agricultural economists: Harald R. Jensen, Ben C. French, George E. Brandow, D. Gale Johnson, William G. Tomek, Kenneth L. Robinson, John R. Brake, Emanuel Melichar, Willis Peterson, and Yujiro Hayami. The subjects covered are farm management and production economics, productive efficiency in agricultural marketing, policy for commercial agriculture, postwar policies relating to trade in agricultural products, agricultural price analysis and outlooks, agricultural finance and capital markets, and technical change in agriculture. The book will have wide use for reference, review, or study. Undergraduate and graduate students in agricultural economics, especially those concentrating on the particular fields covered in this volume, will find the material valuable in their studies. The volume will be useful also to agricultural economists wishing to refresh or update their knowledge in a specialty, to general economists wanting to learn about particular fields related to agriculture, and to other social scientists seeking information about one or more of the specialized areas of agricultural economics. Published by the University of Minnesota Press for the American Agricultural Economics Association.

    eISBN: 978-0-8166-5511-3
    Subjects: Business

Table of Contents

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  1. Front Matter
    (pp. i-iv)
  2. Table of Contents
    (pp. v-xiv)
  3. Foreword
    (pp. xv-xviii)

    In March 1968 C. E. Bishop, president of the American Agricultural Economics Association, appointed a committee to investigate the need for a major survey of the agricultural economics literature published from the 1940s to the 1970s. The committee found that an extensive assessment of this body of literature would indeed be of value to research workers, teachers, and extension workers and graduate students in agricultural economics; teachers, research workers, and graduate students in economics and economic statistics, sociology, geography, political science, and anthropology; and teachers, research workers, and graduate students in technical agriculture. In the end the committee was assigned...

  4. Part I. Farm Management and Production Economics, 1946–70
    (pp. 1-90)
    Harald R. Jensen

    Since World War II farm management specialists and production economists have increasingly emphasized that the changes bearing on the farm-household decision-making unit and the imperfect knowledge about these changes have created the need for additional research and education in farm management. Farm operators or managers, they have reasoned, must organize and operate their farms in a highly dynamic setting.

    Prices, weather, technology, institutions, and people — their needs, moods, attitudes, goals, and values — change to influence profits and losses in farming. In this dynamic setting wrong decisions can easily result, wrong not only in terms of the needs of the decision-making...

  5. Part II. The Analysis of Productive Efficiency in Agricultural Marketing: Models, Methods, and Progress
    (pp. 91-206)
    Ben C. French

    Although the efficiency of the marketing system has been a matter of public interest for many years, attempts to improve it through economic research were quite limited until the passage of the Agricultural Marketing Act of 1946. This act provided an expression of official concern with efficiency, a set of broad goals, and, most importantly, money to support research. It stated, among other things, that “a sound, efficient, and privately operated system for distributing and marketing agricultural products is essential to a prosperous agriculture and is indispensable to the maintenance of full employment and to the welfare, prosperity, and health...

  6. Part III. Policy for Commercial Agriculture, 1945–71
    (pp. 207-292)
    G. E. Brandow

    Farm price and income policy is about an actual world, not an abstraction in which simple, homogeneous resources are frictionlessly allocated to production of want-satisfying goods, free of political influence or the clash of opposing value systems. Like most of the economy, the agricultural sector is constantly changing under the impact of new technology, shifting demands, and evolving institutions. It is in such a world that unrest about the state of affairs arises and creates policy issues. It is this world that economists studying farm policy try to understand and for which they analyze, and on occasion propose, policy alternatives....

  7. Part IV. Postwar Policies Relating to Trade in Agricultural Products
    (pp. 293-326)
    D. Gale Johnson

    For at least four decades the United States has followed an ambivalent and inconsistent set of policies for trade in farm products. At no time were the conflicts between a liberal trade policy that would guide farm production in the directions implied by the principle of comparative advantage and the needs of domestic farm programs that required substantial interferences with international trade, for both imports and exports, resolved. Yet progress was made.

    The United States was far from alone in the difficulties of resolving such conflicts. Numerous individual countries as well as such groups of countries as the European Economic...

  8. Part V. Agricultural Price Analysis and Outlook
    (pp. 327-410)
    William G. Tomek and Kenneth L. Robinson

    The theoretical basis for price studies is usually some variant of the competitive model of price determination; that is, price is assumed to be determined by the point of intersection of demand and supply functions. One theoretical view is that prices and quantities are determined simultaneously, and this model may be empirically relevant when sufficient time is allowed for interdependence to take place. An alternative view is that prices and quantities are determined sequentially, and this model may be empirically relevant when time lags between changes in variables are long or when the time unit over which variables are observed...

  9. Part VI. Agricultural Finance and Capital Markets
    (pp. 411-494)
    John R. Brake and Emanuel Melichar

    In a field heavily influenced by historical events and public policies it seems a disservice to pick up the literature as of a certain date — say, January 1, 1946 — without briefly reviewing preceding work.

    Agricultural finance specialists at that time — as demonstrated, for example, by Wall’s contribution toThe Story of Agricultural Economics[288] and by several textbooks published during the next few years — perceived their field as being concerned primarily with the role and performance of institutional and noninstitutional farm lenders and with other financial developments including capital investments and movements in land prices. For three decades professionals in...

  10. Part VII. Technical Change in Agriculture
    (pp. 495-540)
    Willis Peterson and Yujiro Hayami

    It seems safe to say that during the post-World War II era technical change has been one of the most rapidly growing areas of study within agricultural economics. As an explanation for the growing interest in the topic, one can point to twb major problem areas that have concerned agricultural economists since the end of World War II.

    The first is the secular increase in the supply of agricultural products relative to demand in the developed countries, particularly the United States, leading to depressed farm prices and incomes and precipitating severe adjustment problems in the agricultural sector. As a consequence...