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This article reminded me of this economics paper from a former World Ware 2 prisoner of war describing the "market economy" that formed in the POW camps. http:
by alexpotato 5y ago
This article reminded me of this economics paper from a former World Ware 2 prisoner of war describing the "market economy" that formed in the POW camps.
http://icm.clsbe.lisboa.ucp.pt/docentes/url/jcn/ie2/0POWCamp.pdf http://icm.clsbe.lisboa.ucp.pt/docentes/url/jcn/ie2/0POWCamp...
It's fascinating because it describes:
- Open outcry markets
- Exchange rates
- N dimensional preference spaces
- Collapsing money supplies
- Market shocks
All in plain English and using specific examples from the camps.
Highly recommend it especially if you (like me on both counts) have an Econ degree and/or work in finance.
- stinkytaco 5y agoAlso interesting the Sarajevo Survival Guide [1]. Similar, but with a more tongue in cheek and modern bent. Made me want to stockpile cigarettes and pornography. [1]: http://www.friends-partners.org/bosnia/surintro.html http://www.friends-partners.org/bosnia/surintro.html
- alexpotato 5y agoThis was excellent, thanks!