Agrarian Policy: The Political and Economic Context

Keith Griffin
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Keith Griffin: Queen Elizabeth House

Chapter Chapter 7 in The Political Economy of Agrarian Change, 1979, pp 175-201 from Palgrave Macmillan

Abstract: Abstract Economists are accustomed to think in terms of choices. Indeed, it is often claimed that economics is essentially a study of the logic of choice. This assertion is clearly an exaggeration, however, since many members of the profession study topics that have little to do with problems of allocation under conditions of scarcity. Much of Keynesian economics, for example, is unrelated to considerations of this kind. Nonetheless, choice is what a large part of the subject is about, and it is quite natural that when an economist turns from an examination of what ‘is’ to recommend what ‘ought to be’, he assumes that there are policy options from which governments can choose. In addition, he normally assumes that the objective of government is to achieve the highest welfare possible for the society as a whole.

Keywords: Political Economy; Technical Change; Economic Context; Agricultural Output; Underdeveloped Country (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-16176-8_7

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DOI: 10.1007/978-1-349-16176-8_7

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