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

Pierre Delfaud

Cahiers du GREThA (2007-2019) from Groupe de Recherche en Economie Théorique et Appliquée (GREThA)

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.

Keywords: History of Europe; agricultural policy; interventionism; price regulation; competition policy (search for similar items in EconPapers)
JEL-codes: N54 Q13 Q18 (search for similar items in EconPapers)
Date: 2016
New Economics Papers: this item is included in nep-agr, nep-his and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:grt:wpegrt:2016-09

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