additional2 - 1 From the Headlines… ü Fresh Food...

Info iconThis preview shows pages 1–5. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 1 From the Headlines… ü Fresh Food Concepts Recalls Guacamole Products…Possible Health Risk (Feb. 04) ü Edy’s Peanut Butter Cup Ice Cream contains undeclared peanuts…(March 2004) ü Sara Lee pleads guilty in recall (July 2001) ü Listeria outbreak of 1998 ü Bil-Mar Foods, Western Michigan From the Headlines… ü StarLinkContamination of White Corn Chips Prompts Food Recall (July 2001) ü Experts seek ways to protect nation’s food supply from bioterrorism(April 2003) ü Mad Cow Disease Hits U.S. (December 2003) ü Obesity on the rise in U.S. (2003) Let the market take care of it…. ü Hayek argues that markets are extremely efficient ways of organizing economic activity because they effectively synthesize lots of highly dispersed information regarding consumers’ desires and producers costs and express that information in prices. ü Are Hayek’s arguments valid for dealing with food safety issues like Mad Cow Disease? Why or why not? What alternatives do you suggest? 2 No Big Deal? ü Estimates are that fewer than 300 people in the world have died from the human equivalent of Mad Cow Disease over the past 10 years. The US Center for Disease Control and Prevention estimates that annual deaths from food poisoning in the US are between 5,000 and 9,000. ü Has the emphasis on the risk of Mad Cow disease been disproportionate relative to other health risks from food? Why or why not? How Much is it Worth? ü Resources have opportunity costs for society. They can be used to fund other public health programs (e.g., childhood vaccinations), education, transportation, pollution control, etc. ü How would you go about thinking about how much we should invest to reduce the risk of Mad Cow disease? ü Or other food borne illnesses? Where are we headed? ü Types of Food Safety Problems ü Relative Risks ü Is this the market’s problem to solve or the public sector’s problem to solve? ü Whose Standards? ü A public policy perspective 3 Food for Thought ü What kind of economic good is food safety? ü Has the nature of food safety concerns evolved? ü Does Society seek to control only ACUTE food related illness in monitoring and regulating food markets or does Society also concern itself with CHRONIC food related illness? ü Should food safety policies be uniform across all foods? v Safe Food: Maintains or Improves Health v Unsafe Food v Negative Acute or Chronic Health Impacts: •Ingesting a fast acting poison - acute •Substances that debilitate the body over the long run - chronic What is Food Safety? Source: Kinsey 2004 Sources of Unsafe Food Consumption 1. Known: Short term illness/death: Microbes, poisons 2. Uncertain: Long term harm/shorter life: Pesticides, BSE, additives, hormones (eg rBst) 3. Unknown but suspected long term harm: GMO, Irradiation 4. Known: Substances and life styles that lead to chronic disease: diabetes, cancer, heart disease Source: Kinsey 2004 4 Nutritional Food Safety ü Chronic Health Issues – Nutrient/Diet...
View Full Document

This note was uploaded on 01/06/2011 for the course FDE 510 taught by Professor Prof.hamialpas during the Spring '09 term at Middle East Technical University.

Page1 / 11

additional2 - 1 From the Headlines… ü Fresh Food...

This preview shows document pages 1 - 5. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online