Abstract
This monograph originated from the doctoral dissertation of the first
author, for whom the other two authors were major professors. This study
was undertaken in 1983-85 with a view toward examining the crisis
experienced within U.S. agriculture in the early 1980s. Since the
agricultural sector is closely related to and integrated with the general
economy, many economists believe that the problems faced by agriculture
were, at least in part, due to macroeconomic policies pursued by the U.S.
government. This study examines the interrelationships between these
macro phenomena and U.S. agriculture.