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Principles of Agricultural Economics - Markets and Prices in Less Developed Countries (Paperback, New)
Loot Price: R2,191
Discovery Miles 21 910
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Principles of Agricultural Economics - Markets and Prices in Less Developed Countries (Paperback, New)
Series: Wye Studies in Agricultural and Rural Development
Expected to ship within 12 - 17 working days
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Total price: R2,211
Discovery Miles: 22 110
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This textbook addresses the main economic principles required by
agricultural economists involved in rural development. The
principles of 'micro-economics' or 'price-theory' are of relevance
to economists everywhere, but this book reinforces the message of
their relevance for rural development by explaining the theory in
the specific context of the agricultural and food sectors of
developing countries. Hypothetical and actual empirical
illustrations drawn almost exclusively from such countries
distinguish this book from other economic principles texts that
draw their examples almost invariably from industrialised
countries, and also from books more oriented to the issue of rural
development. The first half of the book deals with the underlying
principles of production, supply and demand. These are essential
tools for the study and management of the agricultural sector and
food markets. In the second half, supply and demand are bought
together into a chapter of equilibrium and exchange. This is
followed by chapters on trade and the theory of economic welfare.
In the final chapter it is shown that much of the material in the
earlier chapters can be combined by agricultural economists into a
system for analysing and comparing the effects of alternative
agricultural policies. The ability of agricultural economics to
provide a consistent framework for the analysis of policy problems
thus enables it to make a key contribution to rural development.
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