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Despotic Liberalism and the Decline of Grain Market Regulation in Europe 1760-1850

Author

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  • Karl Gunnar Persson

    (Institute of Economics, University of Copenhagen)

Abstract

The paper analyzes the long century of deregulation of European grain markets. Eighteen century reformers won the intellectual battle as to the merits of laissez-faire markets for grain but failed to convince the angry crowds which were alerted by temporary increases in prices. Not until falling transport prices in the nineteenth century helped the integration of markets did they perform well enough to end popular endorsement of traditional market intervention.

Suggested Citation

  • Karl Gunnar Persson, 1995. "Despotic Liberalism and the Decline of Grain Market Regulation in Europe 1760-1850," Discussion Papers 95-17, University of Copenhagen. Department of Economics.
  • Handle: RePEc:kud:kuiedp:9517
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    More about this item

    JEL classification:

    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N43 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: Pre-1913
    • N73 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Europe: Pre-1913

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