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> Prices did move based on supply and demand. The main issue dictating this was actually the limitations of transport. In areas with ready access to water trans
by squiggleblaz 7y ago
> Prices did move based on supply and demand. The main issue dictating this was actually the limitations of transport. In areas with ready access to water transport though, you will find price integration (i.e. local prices moving together) and this is definitely true to a significant extent in the UK (another good example, obviously, are the Low Countries which were heavily integrated into global markets).
The UK did not exist in medieval England, and the medieval Dutch weren't known for trading with the Javanese and the Maori.
- hogFeast 7y agoJust read the research. And I didn't say the UK existed, I said the market existed across the UK (if you read the research, you would know that price integration has been proved across medieval England, Wales, and Scotland i.e. what is the UK today). And yes, but neither the Javanese or the Maori grew grain (the Maori were still nomadic in this period, growing grain would have made no sense). Again: the integration has been proved for the grain markets that existed around Western Europe, the Baltic regions (and Asia if you consider Russia in this period), north Africa, and the Levant i.e. the global grain market that existed in medieval periods. No, this doesn't include China, where there was substantial internal trade in this period, but this doesn't seem to be a huge difference.