Do Commodities Speculators Make Things Cost More?
Harvard Business Review
JULY 22, 2013
Commodities trading, Adam Smith wrote in 1776 , was a boon to efficiency and a foe to famine. It was also extremely unpopular, especially in years when harvests were poor (he was writing specifically of trading in corn). The popular odium. come between the grower and the consumer. A 1973 followup , however, was inconclusive.
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