120 Years of Food Price Spikes: What History Actually Shows
Commodities: Markets, Performance, and Strategies
Editors: H. Kent Baker, Gregory Filbeck, Jeffrey H. Harris
ISBN: 9780190656010
Donald Larson opens with a tension policymakers have wrestled with for over a century. High food prices hurt the poor. Low and volatile prices hurt commodity-exporting countries. This first half of Chapter 22 maps what actually happened to food prices since 1900, and why volatility matters more than most investors realize.