How the World Keeps Food Affordable (And What Failed Along the Way)
Commodities: Markets, Performance, and Strategies
Editors: H. Kent Baker, Gregory Filbeck, Jeffrey H. Harris
ISBN: 9780190656010
The second half of Donald Larson’s chapter shifts from diagnosis to response. If Malthus and Hotelling were right about scarcity, food should be wildly expensive by now. It is not. Here is why, what governments tried, and what might actually help small farmers handle risk.