Jun

13

 Gregory Clark wrote an excellent paper analyzing the grain markets in medieval England. Many things can be learned about the efficiencies of this market, and the lack thereof. I was surprised to learn that in the 14th century it was illegal to buy wheat in one market and hold it over to sell in another for a higher price. I was not surprised to learn that the Crown had laws on the books that enabled them to purchase wheat at below market prices. Clark's paper gives one a very good insight into the sophistication of the markets and is a great read for those interested in history.


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search