A Comparison of Medieval and Modern Price Fixing
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Date
1935-09
Authors
Greer, Virginia Leonard
Journal Title
Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
History should not be regarded as the “dry bones closed quote of the past, unreal, and of no significance for the present. Governments in the past have faced serious economic crises, unemployment, agricultural discontent, burdensome taxation and depression. While it cannot, with any degree of exactitude, be said that history repeats itself, because of the innumerable factors which serve to make each historical event unique in itself nevertheless man's proposed solution for the changing economic and social problems offers little variation. The problems of agriculture and unemployment relief, the issues bearing upon inflation, a “managed” currency, and price fixing all sound familiar. They are present day economic problems of the first order, but ancient history records them as problems of antiquity. Not only are the natures of the problems similar but the attempted solutions are similar as well even though history has demonstrated that one of the attempted solutions are unworkable. The philosopher, Hagel, has pessimistically summarized the situation in his statement that, “-- what experience and history teach is this,-- that peoples and governments never have learned anything from history, or acted on principles deducted from it.”
Description
154 pages
Keywords
agriculture, unemployment relief, inflation