Does this resistance stem from an inherent irrationality on


Explain the meaning of Gunnar Myrdal's quote at the beginning of this chapter: "It is in the agricultural sector that the battle for long-term economic development will be won or lost." ? It is sometimes asserted that small, traditional (peasant) farmers are backward and ignorant because they seem to resist agricultural innovations that could raise farm yields substantially. Does this resistance stem from an inherent irrationality on their part, or might it be attributable to some other factors often overlooked by traditional economic analysis? Explain your answer

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Econometrics: Does this resistance stem from an inherent irrationality on
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