==================== HES POSTING ====================== [NOTE: Further contributions to this discussion will be identified with HES: DISC -- Polanyi. Lynch's comment and this one have been cross-posted to Eh.Res (the Economic History discussion group) and comments posted there will be posted back on HES.-- RBE] Michael P. Lynch wrote: > Aside from Moses Finley [no small aside], I know of no historian or > economist who finds Polanyi's thesis credible. I do. I know that Dierdre McCloskey was working on a project to debunk Polanyi. The question is not whether prices were used. They were. Rather, the question is the degree to which prices penetrated the economy. Yes, some grain was sold, but what percentage. I have never seen any credible evidence to support the notion that the majority of the economy was a cash-price economy. Yes, I do agree that the book is a blockbuster that still evokes strong feelings. -- Michael Perelman Economics Department, California State University E-Mail [log in to unmask] ============ FOOTER TO HES POSTING ============ For information, send the message "info HES" to [log in to unmask]