Food Economics

William A. Masters is Professor at Tufts University’s Friedman School of Nutrition Science and Policy with a secondary appointment in the Department of Economics. He is Fellow of the Agricultural & Applied Economics Association (AAEA), International Fellow of the African Association of Agricultural Economists (AAAE), a former editor of Agricultural Economics, and a recipient of numerous awards for teaching, research, and policy analysis.Amelia B. Finaret is Associate Professor at Allegheny College, teaching in the Department of Global Health with a secondary appointment in the Business and Economics Department. She is also Honorary Lecturer for the University of Edinburgh’s Global Academy of Agriculture and Food Systems (GAAFS) and a practicing clinical dietitian at Titusville Area Hospital in Titusville, Pennsylvania. Finaret holds graduate degrees in agricultural and food economics, and she is a registered dietitian (RD) and licensed dietitian nutritionist (LDN).

• Chapter 1: Introduction.- Chapter 2: Individual choices: explaining food consumption and production.- Chapter 3: Societal outcomes: predicting food market prices and quantities.- Chapter 4: Social welfare: evaluating change in food market outcomes.- Chapter 5: Market power: when innovation, scale economies or policy choices create imperfect competition.- Chapter 6: Collective action: government policies and other social choices.- Chapter 7: Poverty and risk: variation among people and over time.- Chapter 8: Psychology and decision-making: behavioral economics in the food system.- Chapter 9: Food in the macroeconomy: the whole is more than the sum of its parts.- Chapter 10: International development: systemic change over time.- Chapter 11: The world food system: trade, storage and processing within and between countries.- Chapter 12: The future of food: new technology, resource constraints and induced innovation.

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