Embedding Agricultural Commodities - An Introduction (2017)

2001

This first instalment of a two-part review essay on current work in commodity studies considers, at some length, an important and distinctive text by Peter Gibbon and Stefano Ponte. It draws on a unique set of case studies of African export commodities, using (and developing) the framework of Global Value Chain (GVC) theory, of American provenance, together with elements of the mostly French literature on quality conventions. Gibbon and Ponte also seek to incorporate key mechanisms of globalization and international trade, and their forms of regulation, and to evaluate the effects of the book’s analysis and argument for prospects of improving the performance of African agricultural exports in particular. Here we provide a detailed exposition, discussion, and assessment of the book. We conclude that, for all its intellectual virtues, there are some central tensions in its argument that reflect the lacunae and limitations of the kind of economic sociology the authors employ – which, contentiously, they designate as ‘historical political economy’.

Research in Economic History

honey. I also construct sub-series for arable, pasture and wood products. The main innovation is in using a consistent method to form series from existing published sources. But fresh archival data is also incorporated. The implications of the movements of these series for agrarian history are explored.

The Journal of Economic History, 2012

Globalization, if defined as the integration of international commodity markets, started in the eighteenth century and progressed gradually and with some setbacks into the nineteenth century, instead of suddenly appearing at some point after the 1820s. We use grain prices in Europe and the Americas to determine the extent and dynamics of market integration throughout the eighteenth and nineteenth centuries. An innovative methodology, with special attention being paid to changes in residual dispersion of the univariate models of relative prices between markets, permits us to obtain a measure of market integration over time.

A History of the Global Wheat Trade. Actors and Dynamics (1840-1914), 2025

During the second half of the 19th century, a new global market for wheat came to the fore. Ever since, scarce and perishable food has been transformed into a modern global commodity, millions of tons of which is sold, bought, and transported across the oceans, providing the "daily bread" for a fast-growing world population. This book explores the historical origin of the global wheat market, offering an actor-centred view of the history of this new global commodity. The contributions to this volume demonstrate that the development of the global wheat trade through the late 19th and early 20th centuries has not only impacted the world food regime, it also led to the dissemination of new economic institutions. Countless technological innovations, such as elevators or telegraphic lines, have paved the way to the creation of new financial tools for trade, such as futures and grain exchanges, which transformed the market. The book also examines new global actors, such as Cargill, Louis-Dreyfus, or Bunge y Born, who took advantage of the new opportunities provided by the interlinked and globalized world grain trade. For the first time in history, the price of a single commodity which was crucial for human life ended up being decided in the areas of production by the producers and started to be fixed further afield, in specific and anonymous trading places. The book will be of great interest to historians of economics, business, trade, agriculture, globalization, and commodities.

The Economic History Review, 2008

Some of the material discussed here was presented in papers delivered at the universities of Kent, Exeter, Reading, and Leicester. I am grateful to all those who commented on their content. I am particularly grateful to anonymous referees for their comments and suggestions, and to my colleague Peter Merchant who read the final text and saved me from many errors; those that remain are my own.

Agricultural History

Journal of Global History, 2021

Given the alarming pace of climate change, global environmental destruction, and associated social dislocations and inequalities, a global history that also speaks to the present is more important now than ever. We started our article with a pointed argument that '[t]he history of the making of the modern world is a history of the expansion of commodity frontiers, a historical conundrum so spatially, socially, and structurally all-encompassing that it still awaits its persuasive analysis'. This deep historical perspective, we argued, is crucial to understanding how we arrived at our current socioecological predicament. What is more, we proposed that transdisciplinary research among historians and social, ecological, and computational scientists is essential to engage such questions. To that end, we have developed our research agenda around an analytical framework that lets us trace the long history and present of capitalism. We look at the countryside through the lens of the history of commodity frontiers, using commodity regimes as an analytical framework to make sense of the vast amount of data we hope to uncover. The commodity frontierthe empirical core of our investigationsis not simply a place. It is a relational concept that grasps the flows of materials and energy between nature and society, between different societies and within them. These flows connect regions of extraction with the sites of production that organize capitalist modernity on a world scale. The commodity frontier stands for an inductive historical approach that starts from the far edges of global expansion. It includes agents other than the global hegemonic powers, spaces other than the metropole and relations that encompass more than the economic. Indeed, as we emphasized in our paper, '[m]uch of the writing on the history of capitalism privileges the perspective from the city and industry to the detriment of processes in the household, agriculture, and the countryside where the vast majority of humanity has lived until very recently and where many of the revolutions of capitalism have taken place'. Urban merchants, state bureaucrats, soldiers and lawmakers, of course, helped produce these commodity frontiers as much as commodity frontiers co-created themyet the distinguishing feature of our work is that it thinks of these processes from the fringes. We welcome Maxine Berg's observation that 'histories of natural resources and of the countryside and its peoples have not been sufficiently addressed by global historians'. This lacuna stands in contrast to a growing number of scholars from other disciplines who have come to see 'commodity frontiers' as a promising approach to historical processes. As Ronald Findlay and Kevin O'Rourke conclude, such an approach is both exciting and necessary to avoid mono-causal explanations of historical change. The research agenda we propose, as Ruth Mostern observes, attempts to bridge the gulf between the conceptual focus of social science