Famines and Economics

Martin Ravallion

Journal of Economic Literature, 1997, vol. 35, issue 3, 1205-1242

Abstract: Famines have happened with and without crop failures or wars. But they invariably entail a collapse in the command over food of vulnerable subgroups within a society, whether through loss of endowment or a contraction in the amount of food that can be acquired from given endowments. Thus economic analysis can help understand famines, viewed as tragic aperiodic magnifications of normal market and governmental failures. Recent literature in economics and other fields has reflected this change in the conceptualization of famines, and it has come with policy implications for famine relieve and prevention.

Date: 1997
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