Campus Units

Economics

Document Type

Article

Publication Version

Published Version

Publication Date

2014

Journal or Book Title

Choices: The Magazine of Food, Farm, and Resource Issues

Volume

29

Issue

3

First Page or Article ID Number

1

Last Page

3

Abstract

The late Gary Becker (1930-2014), winner of the prestigious Nobel Prize in Economics and the Presidential Medal of Freedom, was a theorist who developed explanations for common phenomena not normally associated with economic inquiry. He analyzed drug addiction, crime, and family structure among many other topics. Of particular relevance to farm policy and the development of the Agricultural Act of 2014 is Becker’s (1983) theory of political competition between rent-seeking pressure groups which predicts that policies that have enough political support to be adopted will tend to have two attributes.

JEL Classification

H2, Q1

Comments

This article is from Choices 29 (2014): 1-3. Posted with permission.

Rights

©1999–2014 CHOICES. All rights reserved. Articles may be reproduced or electronically distributed as long as attribution to Choices and the Agricultural & Applied Economics Association is maintained. Choices subscriptions are free and can be obtained through http://www.choicesmagazine.org.

Copyright Owner

CHOICES

Language

en

File Format

application/pdf

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