IDEAS home Printed from https://ideas.repec.org/p/ucn/wpaper/200218.html
   My bibliography  Save this paper

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

Author

Listed:
  • Cormac Ó Gráda

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.

Suggested Citation

  • Cormac Ó Gráda, 2002. "Adam Smith and Amartya Sen : markets and famines in pre-industrial Europe," Working Papers 200218, School of Economics, University College Dublin.
    • Handle: RePEc:ucn:wpaper:200218
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10197/497
    File Function: First version, 2002
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Ejrnaes, Mette & Persson, Karl Gunnar, 2000. "Market Integration and Transport Costs in France 1825-1903: A Threshold Error Correction Approach to the Law of One Price," Explorations in Economic History, Elsevier, vol. 37(2), pages 149-173, April.
    2. Sherwin Rosen, 1999. "Potato Paradoxes," Journal of Political Economy, University of Chicago Press, vol. 107(S6), pages 294-313, December.
      • Rosen, Sherwin, 1997. "Potato Paradoxes," Working Papers 135, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State.
    3. Allen, Robert C., 2000. "Economic structure and agricultural productivity in Europe, 1300–1800," European Review of Economic History, Cambridge University Press, vol. 4(1), pages 1-25, April.
    4. O Grada, Cormac, 1997. "Markets and famines: a simple test with Indian data," Economics Letters, Elsevier, vol. 57(2), pages 241-244, December.
    5. Munir Quddus & Charles Becker, 2000. "Speculative Price Bubbles in the Rice Market and the 1974 Bangladesh Famine," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 25(2), pages 155-175, December.
    6. Robert W. Fogel, 1989. "Second Thoughts on the European Escape from Hunger: Famines, Price Elasticities, Entitlements, Chronic Malnutrition, and Mortality Rates," NBER Historical Working Papers 0001, National Bureau of Economic Research, Inc.
    7. Alogoskoufis, George & Smith, Ron, 1991. "On Error Correction Models: Specification, Interpretation, Estimation," Journal of Economic Surveys, Wiley Blackwell, vol. 5(1), pages 97-128.
    8. Rashid, Salim, 1980. "The Policy of Laissez-Faire during Scarcities," Economic Journal, Royal Economic Society, vol. 90(3593), pages 493-503, September.
    9. Cormac Ó Gráda & Jean-Michel Chevet, 2000. "Market segmentation and famine in Ancien Régime France," Working Papers 200005, School of Economics, University College Dublin.
    Full references (including those not matched with items on IDEAS)

    Citations

    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Ó Gráda, C. (2005) Market and famines in pre-industrial Europe
      by Ben in Economic History Blog on 2009-02-08 02:54:00

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ó Gráda, Cormac & Chevet, Jean-Michel, 2002. "Famine And Market In Ancien Régime France," The Journal of Economic History, Cambridge University Press, vol. 62(3), pages 706-733, September.
    2. Cormac Ó Gráda, 2007. "Making Famine History," Journal of Economic Literature, American Economic Association, vol. 45(1), pages 5-38, March.
    3. Tiia‐Maria Pasanen & Miikka Voutilainen & Jouni Helske & Harri Högmander, 2022. "A Bayesian spatio‐temporal analysis of markets during the Finnish 1860s famine," Journal of the Royal Statistical Society Series C, Royal Statistical Society, vol. 71(5), pages 1282-1302, November.
    4. Cormac Ó Gráda & Jean-Michel Chevet, 2000. "Market segmentation and famine in Ancien Régime France," Working Papers 200005, School of Economics, University College Dublin.
    5. Cormac Ó Gráda, 2004. "Introduction to Special Issue of Food and Foodways," Working Papers 200409, School of Economics, University College Dublin.
    6. Patrick Legros & Andrew F. Newman & Eugenio Proto, 2014. "Smithian Growth through Creative Organization," The Review of Economics and Statistics, MIT Press, vol. 96(5), pages 796-811, December.
    7. repec:spo:wpecon:info:hdl:2441/2241 is not listed on IDEAS
    8. Ferreira, Pedro Cavalcanti & Pessôa, Samuel & dos Santos, Marcelo Rodrigues, 2016. "Globalization And The Industrial Revolution," Macroeconomic Dynamics, Cambridge University Press, vol. 20(3), pages 643-666, April.
    9. Callum Williams, 2015. "Famine: Adam Smith and Foucauldian Political Economy," Scottish Journal of Political Economy, Scottish Economic Society, vol. 62(2), pages 171-190, May.
    10. Wolfram Schlenker, 2018. "Introduction to "Agricultural Productivity and Producer Behavior"," NBER Chapters, in: Agricultural Productivity and Producer Behavior, pages 1-9, National Bureau of Economic Research, Inc.
    11. Palma, Nuno & Reis, Jaime, 2019. "From Convergence to Divergence: Portuguese Economic Growth, 1527–1850," The Journal of Economic History, Cambridge University Press, vol. 79(2), pages 477-506, June.
    12. Jean-Michel Chevet & Cormac Ó Gráda, 2003. "What were demographic crises like in mid-nineteenth century France?," Working Papers 200322, School of Economics, University College Dublin.
    13. Sahito, Jam Ghulam Murtaza, 2015. "Market integration of wheat in Pakistan," Discussion Papers 72, Justus Liebig University Giessen, Center for international Development and Environmental Research (ZEU).
    14. Qing Pei & David D Zhang & Harry F Lee & Guodong Li, 2014. "Climate Change and Macro-Economic Cycles in Pre-Industrial Europe," PLOS ONE, Public Library of Science, vol. 9(2), pages 1-8, February.
    15. Dominik Paprotny, 2021. "Convergence Between Developed and Developing Countries: A Centennial Perspective," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 153(1), pages 193-225, January.
    16. Bharat Barot & Zan Yang, 2004. "House Prices and Housing Investment in Sweden and the UK. Econometric analysis for the period 1970-1998," Macroeconomics 0409022, University Library of Munich, Germany.
    17. Bassino, Jean-Pascal & Broadberry, Stephen & Fukao, Kyoji & Gupta, Bishnupriya & Takashima, Masanori, 2019. "Japan and the great divergence, 730–1874," Explorations in Economic History, Elsevier, vol. 72(C), pages 1-22.
    18. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2017. "Anonymity, efficiency wages and technological progress," Journal of Development Economics, Elsevier, vol. 127(C), pages 379-394.
    19. Robert Allen & Robert C. Allen, 2007. "Pessimism Preserved: Real Wages in the British Industrial Revolution," Economics Series Working Papers 314, University of Oxford, Department of Economics.
    20. Broadberry, Stephen & Ghosal, Sayantan & Proto, Eugenio, 2011. "Is Anonymity the Missing Link Between Commercial and Industrial Revolution?," The Warwick Economics Research Paper Series (TWERPS) 974, University of Warwick, Department of Economics.
    21. Møller, Niels Framroze, 2008. "Bridging Economic Theory Models and the Cointegrated Vector Autoregressive Model," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-29.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucn:wpaper:200218. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Nicolas Clifton (email available below). General contact details of provider: https://edirc.repec.org/data/educdie.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.