Agrarökonomik zur Jahrhundertwende - Bewährtes und Unorthodoxes

Authors

  • Wilhelm Brandes

DOI:

https://doi.org/10.52825/gjae.v50i8.1498

Abstract

Agricultural Economics at the Millennium - Established and Unorthodox ConceptsIn this farewell lecture some concepts important for (agricultural) economics are discussed. Special emphasis is given to the Invisible Hand of Adam Smith, sunk costs, information economics, path dependency, error tolerance and redundancy. It is proposed that agricultural economists follow closely new developments in economics proper. Key Words: Equilibrium; sunk costs; game theory; opportunism; rationality; path dependency; error tolerance; social rate of discount

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Published

2001-11-27

How to Cite

Brandes, W. . (2001). Agrarökonomik zur Jahrhundertwende - Bewährtes und Unorthodoxes. German Journal of Agricultural Economics, 50(8). https://doi.org/10.52825/gjae.v50i8.1498

Issue

Vol. 50 No. 8 (2001)

Section

Articles

License

German copyright law applies. The document may be used free of charge for personal use, but it may not be made available on the Internet or passed on to third parties.