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Agricultural Prices in the 1970's and the Quantity Theory of Money
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Agricultural Prices in the 1970's and the Quantity Theory of Money

Richard C Barnett, David A Bessler and Robert L Thompson
Jul 1981

Abstract

Financial Economics
The violent price surges experienced in sixteenth century Europe were attributed by Jean Bodin in his Les six livres de la Rgpublique (written in 1576) to: (1) the increase in the supply of gold and silver from the Spanish conquests in America; (2) the prevalence of monopolies; (3) depredations that reduced the stream of available commodities; (4) the expenditure of kings and princes on the objects of their desires; and (5) debasements (devaluations and fraudulent clipping of coins) of the currency.

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