How markets perform during famines has long been a contentious issue. Recent research tends to associate famine with market segmentation and hoarding. Evidence based on an analysis of the spatial and temporal patterns of food-price movements during four famines in pre-industrial Europe indicates that markets functioned “normally” in times of crisis.

Issue Section:
Articles
This content is only available as a PDF.
© 2005 Massachusetts Institute of Technology and The Journal of Interdisciplinary History, Inc.
2005
You do not currently have access to this content.