The Other Economics Department: Demand and Value Theory in Early Agricultural Economics

Banzhaf, H. Spencer

doi:10.1215/00182702-2005-015

Cited by 21 publications

(16 citation statements)

References 39 publications

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“…Methodology used in agricultural economics research over the past 100 years has been imported from other disciplines as well as being developed by agricultural economists (Banzhaf 2006). This discussion notes several of the major developments that have influenced the direction of research by agricultural economists over the past century.…”

Section: A Revolution In Quantitative Methodsmentioning

confidence: 99%

The AAEA: Ever Growing and Changing Research Challenges

McCalla

Castle

Eidman

2010

American J Agri Economics

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The changing economic conditions over the past century, along with changes in technology and developments in economic theory and quantitative methods, helped shape the profession we currently refer to as agricultural and applied economics. The broadening of the profession from the original focus on the farm and agricultural industry to encompass international affairs, governmental policies, resources, and environmental and rural affairs is discussed within this context. Emergence of the subdisciplines and some of the major individual contributions are noted. The final section argues that members of the profession are well positioned to continue contributing research that will help society achieve its goals, and notes six challenges that provide such opportunities.

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Section: A Revolution In Quantitative Methodsmentioning

confidence: 99%

The AAEA: Ever Growing and Changing Research Challenges

McCalla

Castle

Eidman

2010

American J Agri Economics

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“…Agro-economic accounting was simultaneously at the heart of many debates in political economy, in the late-eighteenth and early-nineteenth centuries. Depending on its design and thus results, questions regarding tax setting, the freedom of trade, population growth, but also for instance the abolition of slavery (Oudin-Bastide and (Banzhaf 2006). Simultaneously, they started concentrating more fully on broad economic and financial metrics than on agronomic or precise financial accounting ones.…”

Section: Sciencementioning

confidence: 99%

The farm as an accounting laboratory: an essay on the history of accounting and agriculture

Giraudeau

2017

Accounting History Review

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The shop, the factory, the office: these appear, to the popular imaginary, as natural sites for accounting, and for accountants. They are the places where accounting is usually said to be invented and practised, the places where accounting sustains business. The shop stands for commerce, which reportedly saw the emergence of double-entry bookkeeping in the so-called 'commercial revolution' of the early-modern times. The factory stands out as the chief target of management accounting from the nineteenth century and its 'industrial revolution'. The office is where accounting clerks work, but also itself an object of productive accountability in the 'service economy' of the twentieth century. The farm, on the contrary, seems like a distant, almost exotic site for accounting. Who would ever picture the accountant in the fields? This impression is the consequence of a long-standing and more general historiographical bias in the study of agriculture. It is not just agricultural lands that were enclosed in the latemodern period; scholarship on agriculture was also a victim of enclosure. Even

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“…Businessmen, at least, did not seem immune: Princeton economist Frank Fetter reflected that corporate managers "who had seen the work of economists during the war paid them the sincere flattery of outbidding the universities and opening economic research departments" (Fetter 1925, 15). 6 On agricultural economics at the land-grant institutions in this period, see Banzhaf (2006b), or more exhaustively, Taylor and Taylor (1952). On economists and early business schools, see Fourcade and Khurana (2013, 128-34) 7 Church's estimate appears to be impressionistic, and there are no firm figures, but it does not seem to be unreasonable.…”

Section: Business Economics and The Rise Of Commercial Forecastingmentioning

confidence: 99%

“…The BAE pushed its economists to help farmers by forecasting prices for agricultural products using regression analysis, and it established an influential Graduate School that trained a whole generation of government social scientists in advanced statistical methods (Rutherford 2011, 425-30). In the end, the plethora of data supplied by the BAE plus the institutional support from the agency and from land-grant universities made agricultural economics the leading area for applied econometrics through the 1930s, almost all of which was focused on forecasting and demand analysis (Fox 1986;Banzhaf 2006a).…”

Section: Business and Economic Datamentioning

confidence: 99%

Business and the Making of American Econometrics, 1910–1940

Stapleford¹

2017

History of Political Economy

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From 1910-1940, the practice of business and the practice of economics came to inform one another in novel ways, a reconfiguration that included the emergence of econometrics. The core locus for this intersection came from the rise of commercial forecasting-whether analyses of future demand, price and cost fluctuations, or financial markets-based on the analysis of statistical data. Forecasting united a suite of specific interactions with the practice of economics: business support for the construction of specific economic data (making possible new forms of econometric analysis); the creation of a new social role: the economist/business expert with advanced academic training (who engaged in both practices and used each to serve the other); and the consequent development of new knowledge (especially in demand analysis and financial economics).

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The Other Economics Department: Demand and Value Theory in Early Agricultural Economics

Cited by 21 publications

References 39 publications

The AAEA: Ever Growing and Changing Research Challenges

The AAEA: Ever Growing and Changing Research Challenges

The farm as an accounting laboratory: an essay on the history of accounting and agriculture

Business and the Making of American Econometrics, 1910–1940

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