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Australian Journal of Agricultural Economics, Vol. 36, No. 1 (April 1992), pp.1-29 AUSTRALIAN AGRICULTURE: A SUSTAINABILITY STORY* ANTHONY H. CHISHOLM School of Agriculture, La Trobe University, Bundoora 3083, Australia Introduction All economic activity is based ultimately on resources founc in nature. Yet there is a pervasive and persistent view that ‘economic’ calculations and ways of thinking are in conflict with environmental concerns. The debate on sustainable development is the third major wave of international concern with natural resource policy since World War 11, and the fifth since Malthus (1798). The first postwar wave of concern, in the late 1940s and early 1950s, focussed primarily on the adequacy of non-renewable and renewable natural resources to sustain economic growth. In Australia, there was at this time concern about the capacity of our agricultural sector to sustain a growing population. In the United States, the President’s Materials Policy Commission concluded in 1952 that ‘, . . the supplies of the evident, the cheap, the accessible are running out’. Vernon Ruttan responded, in his 1971 Presidential Address to the American Agricultural Economics Associa- tion, stating that if the Materials Policy Commission had been writing at that time ‘it would have to conclude that
The Australian Journal of Agricultural Resource Economics – Wiley
Published: Apr 1, 1992
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