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Comments on Energy Problems and Alternatives: Implication for the South

Published online by Cambridge University Press:  28 April 2015

James C. Hite
James C. Hite*
Affiliation:
My general reaction to Debertin and Pagolatos' presentation is that it is too narrow. In looking at the implications of higher liquid fuel costs for Southern agriculture, Debertin and Pagolatos have concentrated almost exclusively on on-farm adjustments. It is important to try to understand such adjustments, and the report is helpful as a starting place for further analysis. But the on-farm adjustments to higher liquid fuel prices are not independent of other adjustments taking place beyond the farm gate — adjustments in the agricultural sector generally and in the total economy. Indeed, there is a simultaneity in the overall adjustment process that not only makes the production economices perspective too narrow but also suggests the need for a general, as opposed to partial, equilibrium perspective.
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Abstract

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Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 12 , Issue 1 , July 1980 , pp. 57 - 58
Copyright
Copyright © Southern Agricultural Economics Association 1980

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References

Economics, Statistics and Cooperatives Services, U.S. Dept. of Agriculture, Another Revolution in U.S. Farming? Agr. Inf. Bull. No. 433, 1980.Google Scholar
Landowner, Vol. 1, No. 2, Nov. 26, 1979, p. 1.Google Scholar
Steinhart, C. E. and Steinhart, J. S.. Energy: Use and Role in Human Affairs. Belmont, Cal.: Wadsworth, 1974.Google Scholar