Cahier 2016-09

Title:A look back on a unique experiment in interventionism in market economies: the European Common Agricultural Policy (1955 – 2015)
Abstract:Now that agricultural surpluses, after the removal of quantitative restrictions put into effect thirty years ago, are beginning to reappear, it is an opportune moment to revisit the history of the Common Agricultural Policy. This policy in effect constituted a unique experiment which can only be understood, as in any policy of intervention in market economies, through the combination of three concepts: economic rationality, social acceptability and institutional capability. This can be verified throughout the sixty years of the CAP’s existence, from its formulation (1955-1962) to its establishment with successive readjustments (1962-1992) through to the gradual dismantling (1992-2015). We are thus faced with two models: firstly the policy of price regulation, secondly competition policy compensation.
Keyword(s):History of Europe, agricultural policy, interventionism, price regulation, competition policy
Auteur(s) :Pierre DELFAUD
JEL Class.:N54, Q13, Q18

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