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Foundations of Agricultural Market Analysis and Agricultural Policy

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Erschienen: 22.07.2020

Das Werk ist Teil der Reihe:
(Vahlen Textbooks)

By Prof. Dr. Dr. h.c. mult. Ulrich Koester

2020. X, 439 S.: with figures and overviews. Softcover
Vahlen ISBN 978-3-8006-6364-4
Comment: This book is based on the German textbook Grundzüge der landwirtschaftlichen Marktlehre (Principles of Agricultural Market Analysis and Policy), fifth edition, 2016, though it includes various updates and extensions.

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Analyzing the Agricul­tu­ral Markets successfully.

The long-term bestseller now in English
Published continuously since 1981 the German Book »Grundzüge der landwirtschaftlichen Marktlehre« (Principles of agricultural market analysis and policy) has become the standard textbook for students in agriculture, in agricultural economics in Germany and other German speaking countries. 

Understanding the Agricultural Market
Part One of this book provides the basis for analyzing the specifics of the agricultural sector. These specifics limit the application of plain neoclassical economics, but including institutional and behavioural economics help to bridge the gap between theory and the real world.
Part Two reviews the role of agriculture in the achievement of specific agricultural policy objectives. The economic analysis presented in this book uses a general framework for policy evaluation that can be applied to any country. The second to last chapters focus on the EU.

"(...) The main characteristic of the textbook is the rigorous use of the standard economic theoretical frame for policy analysis, extended to the original policy evaluation tool that can be, as the author states, "applied to any country". The book is mostly focused on EU agricultural policy explained in the line issues - targets - instruments - impacts valid especially for agricultural policy analysts. It therefore has value for intensive education purposes in applied economics, where students should be trained in analytical and critical thinking.
The book may be of special interest for teaching agricultural economics and agricultural policy in the EU candidate countries. Western Balkan students should learn facts about European Union, but, more importantly, they should learn to critically assess the efficiency and effectiveness of the EU policy instruments. The logic of strategic planning and thinking introduced by the new (post-2023) CAP demands new competencies of the public administration, but also for researchers in the region.
Koester's book "Foundation of Agricultural Market Analysis and Agricultural Policy" is also the right choice for those willing to understand more about the EU and its agricultural policy from the applied economic perspective and therefore should be the basis for teaching agricultural policy at the Masters level, and even as a starting point for the PhD level and research into the complex, ever-changing agricultural policy of the European Union."
Prof. dr. dr. h. c. Emil Erjavec, Biotechnical faculty, University of Ljubiljana, Slovenia, in: Journal of Agricultural, Food and Environmental Sciences Vol 75 No 2 (2021) 1-2, zur 1. Auflage 2020

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