Agrarökonomik zur Jahrhundertwende – Bewährtes und Unorthodoxes

Wilhelm Brandes

German Journal of Agricultural Economics, 2001, vol. 50, issue 08, 12

Abstract: In this farewell lecture some concepts important for (agricultural) economics are discussed. Special emphasis is given to the Invisible Hand of Adam Smith, sunk costs, information economics, path dependency, error tolerance and redundancy. It is proposed that agricultural economists follow closely new developments in economics proper.

Keywords: Agricultural and Food Policy; Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:gjagec:99010

DOI: 10.22004/ag.econ.99010

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