Since the seminal work of Adam Smith, markets have been considered an efficient tool for co-ordinating the behaviour of economic agents. The basic characteristic of a market economy is that the complex system of interaction among individuals is not centrally coordinated. Under the assumption of...

Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

The rise of a western-style middle class in many successful emerging economies like China currently is inducing deep structural changes on agricultural world markets and within the global agri-food business. As a result of both higher incomes and concerns over product safety and quality the...

After discussing basic principles of school funding, and comparing selected school finance indicators in southeastern states, this paper examines how schools districts are financed in Kentucky. Emphasis is given to issues of funding adequacy, efficiency and equity, which together led to the...

The slides that follow provide an introduction to rural economic development and public policy. I have scanned the original slides and inserted them into modern PDF and PowerPoint presentations. Some of the hand-made charts have older data, but could be easily updated. These color slides were...

Remarks on the future structure of agriculture presented at a departmental seminar, 1974

Remarks on Public Policy decision making presented at a departmental seminar, September, 1974