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An old article but still worthy of a read:

The Economic Organisation of a P.O.W. Camp by R. A Radford.

Opening paragraph:

Although a P.O.W. camp provides a living example of a simple economy which might be used as an alternative to the Robinson Crusoe economy beloved by the textbooks, and its simplicity renders the demonstration of certain economic hypotheses both amusing and instructive, it is suggested that the principal significance is sociological.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Mon Nov 16th, 2009 at 02:26:28 PM EST
... example of the power of conventional habits of thought - economists who are institutionalized to act as if monetary economies are natural phenomena study POW's raised in monetary economies recreating the institutions in which they were raised ...

... and bizarrely conclude that it proves that the evolution from barter to a monetary economy is a natural phenomenon.


I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Nov 17th, 2009 at 02:13:00 PM EST
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