Re: [OPE] Asunto: US wheat market - perfectly competitive?

Dan McCurrey, who lived in Chicago and studied agrarian radicalism,
told me. He used to write for In These Times. If you locate him, let
me know.

I do trust him as a source.

On Sat, Dec 18, 2010 at 2:20 AM, Anders Ekeland
<anders.ekeland@online.no> wrote:
>
> Hi Michael,
>
> do you have any reference for this information, was the tunnels build
> specially for that purpose etc.
>
> Regards
> Anders
>
> At 03:19 18.12.2010, Michael Perelman wrote:
>>The Chicago Board of Trade has underground tunnels to let the traders
>>escape if farmers invaded the trading floor.  Those farmers did not
>>see wheat trade as perfect competition.
>>
>>On Fri, Dec 17, 2010 at 2:16 AM, Jurriaan Bendien
>><jurriaanbendien@online.nl> wrote:
>> > There are certainly books on the wheat agribusiness. I usually advise
>> > academics to consult the Library of Congress catalogue. Why? because it is
>> > the largest English language collection there is, and the catalogue is well
>> > structured. If you type in "wheat" you get about 4,000 titles, you can
>> > refine this search with terms like "wheat market", "agribusiness" etc.
>> > Oxbridge also has good catalogues.
>> >
>> > I also googled with terms like "political economy of the wheat market" and
>> > got quite a few hits. I found for example a fairly recent blog by Steve
>> > Suppan, policy analyst at the Institute for Agriculture and Trade Policy
>> > http://triplecrisis.com/speculation-and-the-new-commodity-price-crisis/
>> >
>> > I've used the example of a world market price for wheat in a wiki on ground
>> > rent
>> >
>> http://en.wikipedia.org/wiki/Differential_and_Absolute_Ground_Rent It's only
>> > an obscure topic though and gets only about 4,500 hits per year (not like
>> > "commodity fetishism", which is more popular).
>> >
>> > Hope this helps,
>> >
>> > Jurriaan
>> >
>> >
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>> >
>>
>>
>>
>>--
>>Michael Perelman
>>Economics Department
>>California State University
>>Chico, CA 95929
>>530-898-5321
>>fax 530-898-5901
>>www.michaelperelman.wordpress.com
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-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929
530-898-5321
fax 530-898-5901
www.michaelperelman.wordpress.com
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