Economic Sense

Biotechnology, Food, and Applied Economics

Saturday, November 24, 2018

Tariffs and the Corn-Soybean Industrial Complex

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Recent trade policy talks and tariffs imposed by the Trump administration have had an impact on soybean prices (see:  Trump's And China...
Monday, October 08, 2018

Rational Irrationality and Satter's Hierarchy of Food Needs

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In HIERARCHY, DISAGREEMENT, AND FOOD POLITICS food economist Jayson Lusk discusses Maslow's Hierarchy of Needs and a modification or ap...
Sunday, September 16, 2018

Don't Throw Good Science Out With the Dirty COI Bathwater

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There has been a lot of conversation lately regarding conflicts of interest in research. This recent tweet by Andrew Kniss resonated a lot w...
Saturday, May 12, 2018

CRISPR and Gene Editing Blueprint Analogy

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There was a nice guest post on AgWeb recently titled: Gene Editing: Building Better Blueprints, One Gene at a Time.  I really like the b...
Thursday, March 22, 2018

The convergence of data science, genomics, and technology

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This is a couple years old but just as relevant and inspiring: "I believe the future of agriculture will be shaped by continued impro...
Sunday, February 11, 2018

The 'free-from' Nash equilibrium

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Recently I was reading an article,  "The big Washington food fight"  in Politico discussing challenges of bringing diverse intere...
Sunday, January 14, 2018

Why Study Plant Breeding and Genetics?

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A really nice piece in the Huffington Post by Kevin Folta evangelizing about future careers in plant breeding ( link ). I like the way he ...
Sunday, December 31, 2017

Herbicide Resistance and GE Crops - Thinking like an economist

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In a recent issue of Weed Science, Andrew Kniss investigates the relationship between herbicide resistance in weeds and adoption of genetica...
Monday, December 11, 2017

Environmental and Health Effects of Bt Cotton

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Kouser, S., Qaim, M., Impact of Bt cotton on pesticide poisoning in smallholder agriculture: A panel data analysis,Ecol. Econ. (2011), doi:1...
Tuesday, December 05, 2017

The Challenging Tradeoff of Weighing Biased Consumer Preferences Against Marketing Food with Integrity

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Recently I was reading an artcile, "The big Washington food fight" in Politico discussing challenges facing bringing diverse inte...
Wednesday, November 29, 2017

Polarization of Controversial Science and Limitations of Science Literacy

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I recently reviewed a PNAS article titled "Individuals with greater science literacy and education have more polarized beliefs on contr...
Sunday, October 15, 2017

Endogenous Growth Models and Stagnation in Agricultural Innovation

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See also: I deas and Research Productivity in Agriculture  From: Big Ideas Are Getting Harder to Find - Stanford Business Insights: ...
Friday, September 01, 2017

Voter Irrationality and Systematic Bias: Applications in Food and Biotechnology

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In the Myth of the Rational Voter: Why Democracies Choose Bad Policies, Bryan Kaplan discusses issues related to the median voter theorem an...
Sunday, August 27, 2017

Single Peaked Preferences and the Median Voter Theorem

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In the last entry on voting paradoxes, I mentioned that things are different if preferences are single peaked. Let’s look at another scena...

Majority Rule and Vote Cycling with Non-Single Peaked Preferences

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Is majority rule the best way to represent voters preferences for a given set of policies? Let’s look at a particular voting scenario to i...
Thursday, August 24, 2017

Risk, Uncertainty, Speculation and Granger Causality

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What is the difference between 'risk' and 'uncertainty'? "Uncertainty refers to outcomes that we cannot foresee, or w...
Friday, July 07, 2017

Stawman Arguments Against Statements Related to GMO Safety

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Previously I discussed how the World Health Organization, the American Medical Association, and the National Academy of Sciences have all i...
Monday, July 03, 2017

Defining Consensus Regarding the Safety of Genetically Modified Foods

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The World Health Organization, the American Medical Association, and the National Academy of Sciences have all issued statements regarding ...
Sunday, July 02, 2017

Are Soda Taxes Effective

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Over at RealClearAgriculture I have been blogging about food subsidies and soda taxes. Research from the American Journal of Clinical Nutr...
Monday, June 19, 2017

Food Facts: Food Insecurity and Food Deserts

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According to the USDA, "an estimated 12.7 percent of American households were food insecure at least some time during the year in 2015...
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Matt Bogard
Applied economist focusing on the economics of food, health, and biotechnology.
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