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Published online by Cambridge University Press: 10 May 2017
The topic of this address may seem somewhat remote from the traditional interests of agricultural economists. Yet it has been of central concern to those of us involved in natural resource and environmental issues. Given the direction in which agricultural economics is currently moving, it may soon prove to be as perplexing a problem in that arena as well.
This paper is Scientific Article No. A-3999, Contribution No. 6983, of the Maryland Agricultural Experiment Station. The comments and suggestions of Ivar E. Strand, Jr. are gratefully acknowledged.
Paper presented at the Northeast Agricultural Economics Association meeting, Cornell University, Ithaca, New York, August 1984.