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The Making of Informational Efficiency: Information Policy and Theory in Interwar Agricultural Economics

Author

Listed:
  • Thomas Delcey

    (UB - Université de Bourgogne, LEDi - Laboratoire d'Economie de Dijon [Dijon] - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE])

  • Guillaume Noblet

    (Auteur indépendant)

Abstract
This article offers a historical analysis of American interwar agricultural economists and their interest in information. Believing that the main problem facing farmers was a lack of information, agricultural economists designed an information policy aiming to produce, format, and disseminate information. Using administrative archives, the article analyzes the motivations of these economists and the implementation of this policy. As the article shows, the policy was a prerequisite for theoretical discussions about information, and it established institutional tools that are still used today, such as the USDA market news service.

Suggested Citation

  • Thomas Delcey & Guillaume Noblet, 2024. "The Making of Informational Efficiency: Information Policy and Theory in Interwar Agricultural Economics," Post-Print hal-03227973, HAL.
    • Handle: RePEc:hal:journl:hal-03227973
    DOI: 10.1215/00182702-11242749
    Note: View the original document on HAL open archive server: https://hal.science/hal-03227973v2
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    References listed on IDEAS

    as
    1. Working, Holbrook, 1922. "Factors Determining the Price of Potatoes in St. Paul and Minneapolis," Technical Bulletins 7528, University of Minnesota, Agricultural Experiment Station.
    2. Federico, Giovanni, 2005. "Not Guilty? Agriculture in the 1920s and the Great Depression," The Journal of Economic History, Cambridge University Press, vol. 65(4), pages 949-976, December.
    3. Holbrook Working, 1937. "Futures Trading and Regulations: Discussion by Holbrook Working," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 19(1), pages 309-312.
    4. V. B. Hart, 1929. "Encouraging the Farmer to Take Agricultural Outlook Material and Use It," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 11(1), pages 108-125.
    5. Haas, G. C. & Ezekiel, Mordecai, 1926. "Factors Affecting the Price of Hogs," Miscellaneous Publications 330853, United States Department of Agriculture, Economic Research Service.
    6. Carl Williams, 1929. "Continuous Economic Information Readily Available to Farmers," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 11(1), pages 79-94.
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    9. Holbrook Working, 1925. "The Statistical Determination of Demand Curves," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 39(4), pages 503-543.
    10. Thomas Cooper, 1929. "Encouraging the Farmer to Take Agricultural Outlook Material and Use It: Discussion by Thomas Cooper," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 11(1), pages 125-127.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    History of economics; Agricultural economics; Economics of information;
    All these keywords.

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