Construct · 1 fields · 1 citations

poor but efficient hypothesis: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
poor but efficienthypothesis1 CONSTRUCTPoor but efficientSCHULTZ · AGRICULTURAL

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Agricultural economics

proposal that farmers in traditional agriculture allocate their resources efficiently given available technology, so poverty reflects low returns rather than misallocation.

In agricultural economics, poor but efficient hypothesis refers to proposal that farmers in traditional agriculture allocate their resources efficiently given available technology, so poverty reflects low returns rather than misallocation. This meaning comes from Schultz (1964) in Transforming traditional agriculture.[1]

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Nearby constructs

hypothesis2 fields · 2 citationsjingle · one word, two constructsmisallocation1 fields · 1 citationsanchor · a standalone construct

References

  1. Schultz, T. W. (1964). Transforming traditional agriculture. Yale University Press. ISBN 9780405077920

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