Investing in a Better Future through Public Agricultural Research
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The Department of Economic Science was founded in 1898 to teach economic theory as a truth of industrial life, and was very much concerned with applying economics to business and industry, particularly agriculture. Between 1910 and 1967 it showed the growing influence of other social studies, such as sociology, history, and political science. Today it encompasses the majors of Agricultural Business (preparing for agricultural finance and management), Business Economics, and Economics (for advanced studies in business or economics or for careers in financing, management, insurance, etc).
History
The Department of Economic Science was founded in 1898 under the Division of Industrial Science (later College of Liberal Arts and Sciences); it became co-directed by the Division of Agriculture in 1919. In 1910 it became the Department of Economics and Political Science. In 1913 it became the Department of Applied Economics and Social Science; in 1924 it became the Department of Economics, History, and Sociology; in 1931 it became the Department of Economics and Sociology. In 1967 it became the Department of Economics, and in 2007 it became co-directed by the Colleges of Agriculture and Life Sciences, Liberal Arts and Sciences, and Business.
Dates of Existence
1898–present
Historical Names
- Department of Economic Science (1898–1910)
- Department of Economics and Political Science (1910-1913)
- Department of Applied Economics and Social Science (1913–1924)
- Department of Economics, History and Sociology (1924–1931)
- Department of Economics and Sociology (1931–1967)
Related Units
- College of Agricultural and Life Sciences (parent college)
- College of Liberal Arts and Sciences (parent college)
- College of Business (parent college)
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Abstract
Everyone is concerned with return on investment, and agricultural research continues to be an example of the positive impact well-placed funding can have. Agriculture is a key to the nation's economy, and research not only boosts that industry, it also promotes solutions for many of the country's pressing problems in the areas of health, energy, environment, rural development, trade, and food safety. This Commentary is directed to the Congress (for funding), the Administration (for initiatives), and the public (for insight). Recognized scholars provide an assessment of the high "rate of return" agricultural research has delivered to the American and global public and why funding is truly in the public interest. As the authors point out, "Plans for a better future start today." Thanks!
Comments
This article is from CAST Commentary (2011): QTA2011-1. Posted with permission.