In the long view, recent grain price volatility is not anomalous. Wheat, rice, and maize are highly substitutable in the global market for calories, and when aggregate stocks decline to minimal feasible levels, prices become highly sensitive to small shocks, consistent with storage models. In...

In 2016, the People’s Republic of China removed its support prices for maize and started destocking its large public reserves of maize. This paper investigates what would happen if China were to also eliminate its support prices for rice and wheat and reduce its public stocks of these two...

This volume presents a new history of Orsanmichele, covering the centuries before the Renaissance. It explores the Florentine grain market, the piazza of Orsanmichele and its loggias, and Orsanmichele s important confraternity and Madonnas during the thirteenth and early fourteenth centuries