T.W. Schultz Memorial Lecture: "Comparative Advantage and the Gains from Market Integration" Dave Donaldson, MIT
Sessions: Behavioral and Experimental Economics Insights for Agri-environmental Challenges (Q1); E-commerce and the Agrifood Supply Chain (O1); Tax Reform and United States Farm Income (G0); Agricultural Production, Diets and Health (I0); The Geography of American Despair and Declining Economic Opportunity (L0); and Trade in an Environment of Increasing Economic Nationalism (F1)
“If you buy a steak, you have a picture in your mind of what it should look like,” said Josh Maples, an agricultural economist at Mississippi State who has studied the new cuts. “If you make that thinner, or you cut it in half — for many people, that ruins the eating experience.”
This month’s column looks back at applied economists honored at the World Food Prize and forward to AAEA meetings ahead.
World Food Prize. It is truly humbling to see how members of our profession can creatively apply the economics of constraint alleviation, incentive design, and technology development to make the world a better place. Akinwumi Adesina, president of the African Development Bank, received the 2017 World Food Prize (WFP) in October. With the Rockefeller and Gates Foundations, Adesina found ways to partner with banks to extend credit to smallholder farmers. Later, as Nigeria’s Minister of Agriculture, he created the E-Wallet program that made personalized fertilizer vouchers available via cellphone, expanding smallholder access while circumventing corrupt middlemen. Last year, agricultural economist Jan Low co-won the 2016 World Food Prize for her survey research to inform plant breeding and diffusion of the biofortified, orange-fleshed sweet potato and later to measure its economic impact. Previous applied economists to win the WFP are Per Pinstrup-Andersen (2001) and Muhammad Yunus (1994).