Beyond Agriculture and Economics: Management, Investment, by A. Allan Schmid

By A. Allan Schmid

A set of 4 essays and responses at the subject matters of: (1) Managerial determination making; (2) Investment-Disinvestment concept; (3) Agricultural coverage (domestic and international); and (4) technique and valuational tactics.

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Example text

Throughout this paper, I will refer extensively to literature from psychology, organization theory, and general business management. It is noteworthy that much of the research in these areas has its historical roots in the work of a general economist, Herbert Simon. During the 1950s, his work contributed both to economic theory and methods and to the understanding of managerial processes in organizations in a manner that parallels contributions made by agricultural economists during that period (Simon 1976).

The Economics of Learning In the IMS, Johnson and Lard (1961) found strong evidence that farmers could understand and identify examples of five knowledge situations: (1) subjective certainty, (2) risk action, (3) learning, (4) inaction, and (5) forced action. This typology of knowledge situations provides general insights that are useful for evaluating decisions about the allocation of resources to learning, but the problem of applying those general insights in a practical setting poses a number of difficult challenges.

And Glenn Johnson. Farm Management Analysis, 1953, pp. 267-69. John Wiley & Sons, Inc. Y. Johnson, Glenn, and C. Leroy Quance. The Overproduction Trap, 1972, pp. 48-51. The Johns Hopkins University Press. Baltimore, Md. " In Agricultural Adjustment Problems in a Growing Economy, ed. Earl O. , 1958. Iowa State University Press. Ames, Iowa. Johnson, Glenn, A Study of Managerial Processes of Midwestern Farmers, 1961, pp. 9-10. Iowa State University Press. Johnson, Glenn, "A Critical Review of Selected Studies of Agrarian Change Done Prior to TACAC," European Review of Agricultural Economics, Vol.

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