The Public Good Value of Information from Agribusinesses on Genetically Modified Foods
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The Department of Economic Science was founded in 1898 to teach economic theory as a truth of industrial life, and was very much concerned with applying economics to business and industry, particularly agriculture. Between 1910 and 1967 it showed the growing influence of other social studies, such as sociology, history, and political science. Today it encompasses the majors of Agricultural Business (preparing for agricultural finance and management), Business Economics, and Economics (for advanced studies in business or economics or for careers in financing, management, insurance, etc).
History
The Department of Economic Science was founded in 1898 under the Division of Industrial Science (later College of Liberal Arts and Sciences); it became co-directed by the Division of Agriculture in 1919. In 1910 it became the Department of Economics and Political Science. In 1913 it became the Department of Applied Economics and Social Science; in 1924 it became the Department of Economics, History, and Sociology; in 1931 it became the Department of Economics and Sociology. In 1967 it became the Department of Economics, and in 2007 it became co-directed by the Colleges of Agriculture and Life Sciences, Liberal Arts and Sciences, and Business.
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1898–present
Historical Names
- Department of Economic Science (1898–1910)
- Department of Economics and Political Science (1910-1913)
- Department of Applied Economics and Social Science (1913–1924)
- Department of Economics, History and Sociology (1924–1931)
- Department of Economics and Sociology (1931–1967)
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- College of Agricultural and Life Sciences (parent college)
- College of Liberal Arts and Sciences (parent college)
- College of Business (parent college)
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Abstract
Some people hail using biotechnology to create genetically modified (GM) food products as a major revolution in product innovation. Some, however, do not view these products favorably. International environmental groups like Greenpeace and Friends of the Earth have become the main antagonists against the use of genetic engineering for developing new products. Through press releases, websites, and protests, these environmental groups publicize their views on GM foods and how these products affect consumers and producers. They demonstrate and disseminate information, with the goal of affecting consumer (and possibly producer) behavior. Greenpeace, for example, argues that the unknown effects of using GM products could be disastrous to the environment and human health, that multinational agribusiness companies control genetic modification, and that GM foods pose a risk of allergens spreading to food products other than those that normally carry allergens (Greenpeace International 2001a,b,c; Friends of the Earth).
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This article is from American Journal of Agricultural Economics 85 (2003): 1309, doi: 10.1111/j.0092-5853.2003.00548.x.