Thursday, August 09, 2007

Public Choice

There are a lot of interesting things going on in Agriculture. Alternative fuels, the farm bill, animal waste,organic agriculture, biotechnology, global warming, concerns about sustainability etc. Many of my posts focus on how markets deal with these issues.

However, we make choices and markets function in an environment heavily influenced by government. I have briefly touched on governmental issues in some of my posts. Those dealing with type two errors and the tragedy of the commons were two examples. It is my goal to address governmental affairs more formally in some of the posts that will follow labeled 'public choice'. I will still throw in updates related to energy and natural resource issues, but it will be useful to have the public choice context because the analytical framework it provides is necessary for effective government policy in these areas.

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