quadraginta
Becoming Beth
From ADAM SMITH AND AMARTYA SEN:
MARKETS AND FAMINES IN PRE-INDUSTRIAL EUROPE
http://www.princeton.edu/rpds/seminars/pdfs/grada_smithsen.pdf...it would seem that a
backward agriculture, coupled with the lack of an adequate
policy response from the authorities, rather than the failure
of the markets for staple foodstuffs to work, were mainly
responsible for the famines analysed here.
That was an interesting paper. I enjoyed reading it. Thank you.
I'm not sure exactly how it makes the point you seem to think it makes.
Its theme is apparently that economic market forces and the influence that governments have on them are not as great a reason for famines as has been suggested by Adam Smith and Amartya Sen. (It is worth noting that the two men did not share a common opinion about what those market forces were.)
It begins with this ...
How markets perform during famines has long been a contentious issue. Recent research tends to associate famine with market segmentation and hoarding. The evidence of this paper, based on an analysis of the spatial and temporal patterns of food price movements during four famines in preindustrial Europe, is that markets functioned ‘normally’ in times of crisisABSTRACT
and ends with this lead -in sentence in the final summary paragraph from which you so carefully excerpted your quote.
Taken together, our results do not rule out a further role for markets in exacerbating these crises: a fall in purchasing power in the worst-affected regions could have aggravated one or more of them because markets were so well integrated. That is an issue worth exploring further.
The sentence fragment you did choose to share would probably have been less disingenuous if you had not chosen ellipsis to replace the beginning of the sentence, the single word and comma "Still,", which alters both the tenor and intent more than just a little bit.
"Still, it would seem that ..."
The paper does not seem to attempt a case that capitalism (or mercantilism, for that matter) bore no responsibility for the Great Famine in Ireland, but rather that there were other factors which also need to be considered, and are generally overlooked.
Perhaps you could single out some more ... and more complete ... citations from it to better explain what you think its relevance is.