Book Review of Agricultural Product Prices, by W G Tomek and H M Kaiser

Now in its fifth edition Agricultural Product Prices was originally co-authored by William G. Tomek and Kenneth L. Robinson. As stated by the authors in the preface to their first edition:'The decision to write this book was motivated by two considerations. First, we believe that the behaviour of agricultural product prices is sufficiently unusual as to require special treatment. Second, we saw a need for a more up-to-date text, which would combine principles of price determination, information on pricing institutions, and an introduction to selected quantitative techniques as applied to agricultural prices'. These two considerations are still pertinent today.