AGRICULTURAL POLICY: It Is Not Necessarily The Best of All Possible Worlds
The conventional view that economists play an important role in the public policy process is contrasted with "Chicago political economy." This strand of the Chicago School of Economics argues that government programs that survive in the political process are superior to available alternati...
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| Published in | Choices Vol. 7; no. 2 |
|---|---|
| Main Author | |
| Format | Journal Article |
| Language | English |
| Published |
1992
|
| Edition | 316 |
| Subjects | |
| Online Access | Get full text |
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| Abstract | The conventional view that economists play an important
role in the public policy process is contrasted with
"Chicago political economy." This strand of the Chicago
School of Economics argues that government programs
that survive in the political process are superior to available
alternatives. In contrast, it is shown here that a farm
program may persist not because it is broadly beneficial
but rather because information and incentive problems in
the political process lead to perverse results. The conclusion
is that agricultural economists can make an important
contribution to public policy. |
|---|---|
| AbstractList | The conventional view that economists play an important
role in the public policy process is contrasted with
"Chicago political economy." This strand of the Chicago
School of Economics argues that government programs
that survive in the political process are superior to available
alternatives. In contrast, it is shown here that a farm
program may persist not because it is broadly beneficial
but rather because information and incentive problems in
the political process lead to perverse results. The conclusion
is that agricultural economists can make an important
contribution to public policy. |
| Author | Pasour, E.C., Jr |
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| Snippet | The conventional view that economists play an important
role in the public policy process is contrasted with
"Chicago political economy." This strand of the... |
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| SubjectTerms | Agricultural and Food Policy |
| SubjectTermsDisplay | Agricultural and Food Policy |
| Title | AGRICULTURAL POLICY: It Is Not Necessarily The Best of All Possible Worlds |
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