Agrarökonomik zur Jahrhundertwende - Bewährtes und Unorthodoxes

Agricultural Economics at the Millennium - Established and Unorthodox ConceptsIn this farewell lecture some concepts important for (agricultural) economics are discussed. Special emphasis is given to the Invisible Hand of Adam Smith, sunk costs, information economics, path dependency, error tolerance and redundancy. It is proposed that agricultural economists follow closely new developments in economics proper. Key Words: Equilibrium; sunk costs; game theory; opportunism; rationality; path dependency; error tolerance; social rate of discount

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Year of publication:	2001
Authors:	Brandes, Wilhelm
Published in:	Agrarwirtschaft: Zeitschrift für Betriebswirtschaft, Marktforschung und Agrarpolitik. - ISSN 0002-1121. - Vol. 50.2001, 8, p. 517-527
Publisher:	Frankfurt a. M. : Deutscher Fachverlag
Subject:	Agrarökonomik \| Rationalität \| Sunk Costs \| Spieltheorie \| Institutionenökonomik \| Intertemporale Entscheidung

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	German
Other identifiers:	10.52825/gjae.v50i8.1498 [DOI] hdl:10419/304520 [Handle]
Source:	EconStor

Persistent link: https://www.econbiz.de/10015079087