Bloch, Harry; Sapsford, David - Australian Agricultural and Resource Economics Society … - 2012
. However, economics is still the “dismal science”, as the underlying idea of natural resource scarcity impinging on the … prospects for progress remains a cornerstone of modern economics. In the case of agriculture, the proposition is that more … scarce. In economics, price is taken as the paramount indicator of scarcity. Yet, as we demonstrate with data stretching back …