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Agricultural protection in the European Economic Community, 1962–92: Rent-seeking or Welfare Policy?

Spoerer, Mark


The European Economic Community's Common Agricultural Policy (CAP) has found a lot of scholarly attention. While economists stress the irrationality of the CAP and explain its striking persistence by rent-seeking behavior, a prominent interpretation among historians is that the CAP should be interpreted as welfare policy for farm households. I subject the latter hypothesis for the period 1962–92 ...


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