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The Case of Beef Demand: A Failure by the Discipline

AgEcon Search (University of Minnesota, USA)Published 1 January 1989Open access
Wayne D. Purcell, Purcell, Wayne D.
Citations25
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Abstract

Industry leaders and some agricultural economists use flawed measures of demand for beef and fail to distinguish between a change in demand and a change in per capita consumption. The beef industry is not well informed on basic economic issues and that lack of information has contributed to forced disinvestment that has reached unprecedented levels. Agricultural economists have failed to educate, and our failures have come at a significant cost to society.

Keywords

Economics, Econometrics and Finance