The role of economics in Australian cotton research
Very few economists are employed in Australian cotton research. Biological researchers often seem to believe that the job of economists is just to "put in the prices" after a new technology has been developed. Certainly, there is confusion amongst scientists about just what an economist does do, or can do. In this paper, I want to outline some of the areas where an expanded economic input into the Australian cotton research programme might be justified. This can be done under three headings: project selection/portfolio management; economic optimisation; technology design and research management.