Grain Markets in Europe, 1500-1900: Integration and Deregulation

Grain Markets in Europe, 1500-1900: Integration and Deregulation

by Karl Gunnar Persson, Persson Karl Gunnar
     
 

Karl Gunnar Persson surveys a broad sweep of economic history, examining one of the most crucial markets - grain. His analysis allows him to draw more general lessons - for example, that liberalisation of markets was linked to political authoritarianism. Grain Markets in Europe, 1500-1900 traces early regulation to poor performance and frequent market failures. Price… See more details below

Overview

Karl Gunnar Persson surveys a broad sweep of economic history, examining one of the most crucial markets - grain. His analysis allows him to draw more general lessons - for example, that liberalisation of markets was linked to political authoritarianism. Grain Markets in Europe, 1500-1900 traces early regulation to poor performance and frequent market failures. Price volatility caused by harvest shocks was of major concern for central and local government because of the unrest it caused. Regulation became obsolete when markets became more integrated and performed better through trade triggered by falling transport costs. Karl Gunnar Persson, a specialist in economic history, uses insights from development economics, explores contemporary economic thought on the advantages of free trade and measures the extent of market integration using state-of-the-art econometric methods. Grain Markets in Europe, 1500-1900 will be of value to scholars and students in economic history, social history and agricultural and institutional economics.

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Product Details

ISBN-13:
9780521023887
Publisher:
Cambridge University Press
Publication date:
09/27/2005
Series:
Cambridge Studies in Modern Economic History Series, #7
Edition description:
New Edition
Pages:
196
Product dimensions:
5.98(w) x 8.98(h) x 0.43(d)

Table of Contents

List of figures
List of tables
Preface
Acknowledgements
List of abbreviations
1Bread and Enlightenment: the quest for price stability and free trade in eighteenth-century Europe1
2Markets, mortality and human capabilities23
3Harvest fluctuations, storage and grain-price responses47
4Market failures and the regulation of grain markets: a new interpretation65
5Market integration and the stabilisation of grain prices in Europe, 1500-190091
6Authoritarian liberalism and the decline of grain market regulation in Europe, 1760-1860131
Sources156
Bibliography160
Index170

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