• The logic of buffer stocks

    Every country needs food security and a resilient food system.


    Citizens should always be able to afford enough food for their families. Farmers should always be able to make a decent profit.


    The answer lies in food reserves. Governments should set up a food reserve to use as a buffer against the volatility of prices.

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Ukraine, Keynes and commodity prices

12th July 2022

In 2012 an article by four professors in Italian universities entitled ‘Speculation and buffer stocks: The Legacy of Keynes and Kahn’ was published in the European Journal of the History of Economic Thought. It made the interesting point that some of Keynes’ policy recommendations, and in particular the buffer-stocks scheme, were grounded in his experience…   Read more

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