Grain Markets in Europe, 1500 1900: Integration and Deregulation by Karl Gunnar

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Karl Persson surveys a broad sweep of economic history, examining one of the most crucial markets—grain—in order to demonstrate more general points. Grain Markets in Europe traces the markets' early regulation, their poor performance and the frequent market failures. Price volatility caused by harvest shocks was of major concern for central and local government because of the unrest it caused. Persson uses insights from development economics, explores contemporary economic thought on the advantages of free trade, and measures the extent of market integration using the latest econometric methods.

FORMATHardcover LANGUAGEEnglish CONDITIONBrand New Publisher Description

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 traces the markets' early regulation, their poor performance and the 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. 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 the latest econometric methods. Grain Markets in Europe will be of value to scholars and students in economic history, social history, and agricultural and institutional economics.

Table of Contents

1. Bread and enlightenment: the quest for price stability and free trade in 18th-century Europe; 2. Markets, mortality and human capabilities; 3. Harvest fluctuations, storage and grain price responses; 4. Market failures and the regulation of grain markets: a new interpretation; 5. Market integration and the stabilization of grain prices in Europe 1500-1900; 6. Authoritarian liberalism and the decline of grain market regulation in Europe 1760-1860.

Review

"Of ... interest is the author's fruitful incorporation of recent work in welfare economics and price theory, as well as his fresh analysis of French Physiocrats and French and Sweedish deregulation after 1815." Choice "Persson's book has placed farmers, consumers, agents, and regulators in an impressive analytical framework, and pointed to both the hard economic rationale behind early modern European policy-making and the true impact of its application." International History Review

Review Quote

"Persson's book has placed farmers, consumers, agents, and regulators in an impressive analytical framework, and pointed to both the hard economic rationale behind early modern European policy-making and the true impact of its application." International History Review

Promotional "Headline"

This 1999 book is a modern economic and institutional history of a crucial market.

Description for Bookstore

This 1999 book is a modern economic and institutional history of European grain markets. It examines the markets' early regulation, their poor performance and the frequent market failures. Using insights from development economics and econometrics, Persson also extracts general lessons from this survey of the grain trade.

Description for Library

This 1999 book is a modern economic and institutional history of European grain markets. It examines the markets' early regulation, their poor performance and the frequent market failures. Using insights from development economics and econometrics, Persson also extracts general lessons from this survey of the grain trade.

Details ISBN0521650968 Author Karl Gunnar Persson Publisher Cambridge University Press Series Cambridge Studies in Modern Economic History Language English ISBN-10 0521650968 ISBN-13 9780521650960 Media Book Format Hardcover DEWEY 381.413 Series Number 7 Year 1999 Publication Date 1999-12-31 Imprint Cambridge University Press Subtitle Integration and Deregulation Place of Publication Cambridge Country of Publication United Kingdom Birth 1943 Pages 194 Short Title GRAIN MARKETS IN EUROPE 1500 1 Illustrations 17 Tables, unspecified; 1 Maps DOI 10.1604/9780521650960 Audience Professional and Scholarly UK Release Date 1999-12-09 AU Release Date 1999-12-09 NZ Release Date 1999-12-09 We've got this

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