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Agricultural News

Taking on the Myths of Food Economics

Wed, 23 Nov 2011 13:06:04 CST

Taking on the Myths of Food Economics Many people don't think that people's moral concerns about things like the environment, how people treat other people or worrrying about third world countries correlate with economics. But Jay W. Richards, a senior fellow at the Discovery Institute, recently wrote a book telling the relationship between the two.

In an interview with Kevin Murphy of Truth in Food, Richards explains his result that people have good moral intuitions but they have a bad understanding of basic economic principles, which he believes has led to bad economic policies. Richards also relates the results to the food industry and exactly how food markets like fair-trade coffee and antibiotic- and hormone-free labeling are harmful and partly responsible for the food issues.

Richards also says without industrialized farming, many people around the world would starve to death and that the idea of having everyone grow their own food is inefficient and not the answer. He also adds that industrialized farming has allowed the industry to be a lot more productive in the creation of food products.

Click here for the complete article by Truth in Food and to listen to the interview between Murphy and Jay Richards.



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