Great Article - Economics of a POW Camp - from the 1940s !

Discussion in 'Markets & Economies' started by THUCYDIDES79, Feb 20, 2011.

  1. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Check out the article below - It is a case study in one of the books i have on Economic Anthropology i have -
    found the article online

    at

    http://www.albany.edu/~mirer/eco110/pow.html


    It is a nice general read. - See below for paragraph titles.



    The Economic Organisation of a P.O.W. Camp

    R. A. Radford, Economica, vol. 12, 1945



    Introduction

    The development and organization of the market

    The cigarette currency

    Price movements

    Paper currency Bully Marks

    Price fixing

    Public opinion

    Conclusion

     
    THUCYDIDES79, Feb 20, 2011
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  2. Argentum

    Argentum Well-Known Member

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    yea but if ure targeted by Nazis or some other force that nite tmmmorow all ure gold(cigaretes) taken by someone else so even if ure smart and u have lots of the currency the BIG Guy can always shoot ya down
     
    Argentum, Feb 20, 2011
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  3. PerthStack

    PerthStack Member

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    Just shows how much people value their drugs.
     
    PerthStack, Feb 20, 2011
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  4. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    This article is excellent. I read it about 6 months ago. It can give you a real perspective around how money systems can develop out of nothing.
     
    Captain Kookaburra, Feb 20, 2011
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  5. goldpelican

    goldpelican Administrator Staff Member

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    Did you post this message via SMS? :rolleyes:
     
    goldpelican, Feb 20, 2011
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  6. Guest

    Guest Guest

    Good article. Enjoyed reading it. Thanks for posting!
     
    Guest, Feb 20, 2011
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