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La PAC offre l'exemple d'une économie administrée (inverse de l'économie de marché). À la différence de la politique agricole des pays anglosaxons qui consiste en d'importantes subventions directes (« deficiency payment »), le soutien agricole est fondé sur le contrôle des mécanismes du marché. Dans un premier temps, la PAC est un succès accablant car les objectifs sont rapidement atteints. Exemple : la production européenne de blé dans les années 1950 ne couvrait que 85% de ses besoins or dès la fin des années 1970 sa production devient structurellement excédentaire.

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