Abstract
Agricultural economics arose in the late 19th century, combined the theory of the firm with marketing and organization theory, and developed throughout the 20th century largely as an empirical branch of general economics. The discipline was closely linked to empirical applications of mathematical statistics and made early and significant contributions to econometric methods. From the 1960s, as agricultural sectors in the OECD countries contracted, agricultural economists were drawn to the development problems of poor countries, to the trade and macroeconomic policy implications of agriculture in richer countries, and to a variety of issues in production, consumption, environmental and resource economics.
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Note: This article can only gesture to the agricultural economics literature. The reader is referred to L. R. Martin (general editor) and the four-volume Survey of Agricultural Economics Literature, Minneapolis, University of Minnesota Press, 1977–1987, and Wallace C. Olsen et al., Agricultural Economics and Rural Sociology: The Contemporary Core Literature, Ithaca: Cornell University Press, 1991. A compilation of analytical and interpretive essays is B. L. Gardner and G. C. Rausser (eds.), Handbook of Agricultural Economics, vols. 1A, 1B, 2A and 2B, Amsterdam: North-Holland, 2002. An internet-based open source of information is AgEcon Search, maintained at the University of Minnesota: http://www.apec.umn.edu/AgEcon.html (accessed 16 August 2006).
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Runge, C.F. (2018). Agricultural Economics. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_655
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