A recipe for starvation

I have previously discussed briefly the movement by foolish foodies to politicize food production. Their efforts include a program to boycott food not grown locally. Art Carden of the Ludwig von Mises Institute argues why this is a lunatic notion which will only increase poverty and starvation:Let's suppose that people do decide to "buy local" with the goal of saving the world and reducing their carbon footprint. This will increase the demand for locally grown foods, but it will also have an unintended and likely deleterious consequence; it will increase the demand for farm implements and labor. Since the decision to buy locally is essentially the decision to forsake comparative advantage, every unit of agricultural output will be more resource intensive than it would be under specialization, division of labor, and trade.In other words, each additional unit of output will require more resources than it would under trade. To take a concrete example, this means that the...(Read Full Post)

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