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
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
Copyright (published version): UCD School of Economics
Subject LCSH: Famines--Europe
Food supply--Europe
Language: en
Status of Item: Not peer reviewed
Appears in Collections:Economics Working Papers & Policy Papers

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