Social and Behavioral Sciences Commons^™

Commodity Price Fluctuations: A Century Of Analysis, Walter C. Labys

Regional Research Institute Working Papers

Commodity prices again! The twentieth century has only been the latest spectator to the impacts and importance of commodity price fluctuations. It is reasonably well known that commodity price records have come down to us from the ancient civilizations of India, Mesopotamia, Egypt, Greece and Rome. Earlier in the century, formal research began on the relationships between agricultural demand, supply and prices in a market context. This research not only evolved in sophistication but extended to mineral and energy commodities. Also at the beginning of the century, some of the earliest work took place on applying statistical methods to price …