This paper discusses economic arguments for government intervention and support in agriculture. Two types of arguments seem plausible. The first one refers to the classical view that agriculture has a chronic income problem and therefore governments must intervene to ensure a fair income...

The multifunctional character of agriculture is used as a main argument for agricultural support. This argument is theoretical analyzed in a model with decreasing marginal utility and it is shown that such a support must depend on the size of the agricultural sector. Consequently the argument is...

Economic and Monetary Union in Europe brings together contributions from leading specialists which explain and evaluate the most important implications of economic and monetary union. The book examines theoretical aspects of monetary integration, illustrates the historical lessons to be learned...