Prices are how our economy organizes the relationship between supply and demand. This is not, however, a feature of the capitalist economy: prices can be reconstructed from time immemorial. Our presentations on the history of prices in the Ming dynasty have highlighted the difficulties and advantages of reconstructing prices over this three-century period, as well as the extent to which the function of prices at that time was comparable to what it is today.
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Guest lecturer
Values and prices in Ming China (1368-1644)
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