Some Observations and Ideas About Agriculture, Economics, and Policy
Thursday, February 12, 2009
Useful Thought for Today
"The first lesson of economics is scarcity: there is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics."--Thomas Sowell
I am the Larry Combest Endowed Chair of Agricultural Competitiveness at Texas Tech University and the Director of the Cotton Economics Research Institute. I specialize in behavioral economics, price analysis, trade and policy. My opinions expressed here are mine and not those of Texas Tech University.