Textbook
A Billion Dollars a Day: The Economics and Politics of Agricultural SubsidiesISBN: 978-1-4051-8587-5
Hardcover
320 pages
April 2009, ©2009, Wiley-Blackwell
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Other Available Formats: Paperback
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–Jean-Paul Chavas, University of Wisconsin
"This text’s discussion and explanation of subsidies is
well developed in a historical and international context that is
not found elsewhere."
–Conrad Lyford, Texas Tech University
"This text provides a good narrative on the economics of
government intervention, the structure of the world food system and
history of the WTO, and the provision of farm subsidies by
developed economies, with a special focus on the U.S. and
EU."
–P. Lynn Kennedy, Crescent City Tigers Alumni
Professor, Louisiana State University
"Peterson has done a nice job of taking complicated issues and
explaining them in a manner that is understandable for students
with limited background in policy, development, and trade. This
well-written text brings both a US and a world perspective to the
timely and important topics of government farm policy and food
prices."
–Rick Whitacre, Illinois State University
"This extremely well-researched and -documented book provides a
comprehensive overview of the impact (both intentional and
unintentional) that developed nations’ agricultural policies
can have on under-developed agricultural based nations."
–Jay E. Noel, Cal Poly State University
"The main strength of this book is that it takes a long-term
view of how agricultural policies have developed over the years to
bring us where we are today. This long-term perspective enables the
reader to appreciate the many complex issues - economic and
political - involved in policy formulation, and the resulting
entrenchment of policies that on the surface seem illogical. I do a
lot of international development work and have been involved with
policy analysis and formulation in the U.S. and abroad. I like the
approach of this book as it draws attention to the many disparities
encompassed by agricultural policy on the world stage."
–Michael D. Hammig, Clemson University