| Agricultural Economics |
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| CATEGORIES ABOUT AGRICULTURAL ECONOMICS | |
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ORIGINS Economics is often defined as the study of resource allocation under scarcity. Agronomics, or the application of economic methods to optimizing the decisions made by agricultural producers, grew to prominence around the turn of the 20th century. The metamorphosis of agronomics into the much more mainstream discipline of agricultural economics is widely credited to the economist and scholar as a tool for use in analyzing agricultural economics empirically; he noted in his landmark 1956 article that agricultural supply analysis is rooted in "shifting sand", implying that it was and is simply not being done correctly.Reflections on Agricultural Production, Output and Supply, Journal of Farm Economics, 1956 This is a problem that, despite being identified more than a half century ago, remains largely unsolved to this day. AREAS OF CONCENTRATION
Agricultural economics tends to be more microeconomic oriented. Many undergraduate Agricultural Economics degrees given by US Land-grant Universities tend to be more like a traditional business degree rather than a traditional economics degree. At the graduate level, many agricultural economics programs focus on a wide variety of applied microeconomic topics. ACADEMIC RESOURCES
SEE ALSO REFERENCES The following are some ''Distribution'' entries from ''The '' (1987):
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