Adam Smith and Amartya Sen : markets and famines in pre-industrial Europe

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Title: Adam Smith and Amartya Sen : markets and famines in pre-industrial Europe
Authors: Ó Gráda, Cormac
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Date: Aug-2002
Online since: 2008-08-26T15:52:31Z
Abstract: How markets perform during famines has long been a contentious issue. Recent research tends to associate famine with market segmentation and hoarding. The evidence of this paper, based on an analysis of the spatial and temporal patterns of price movements during four famines in preindustrial Europe, is that markets functioned ‘normally’ in times of crisis.
Type of material: Working Paper
Publisher: University College Dublin, School of Economics
Series/Report no.: UCD Centre for Economic Research Working Paper Series; WP02/18
Copyright (published version): UCD School of Economics
Subject LCSH: Famines--Europe
Food supply--Europe
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Language: en
Status of Item: Not peer reviewed
This item is made available under a Creative Commons License:
Appears in Collections:Economics Working Papers & Policy Papers

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