« A Censored Google is Better than No Google at All | Main | "Growing recognition of economic costs" of Koyoto Protocol »

Coffee Cartel Quotas: "someone always cheated"

In his comprehensive history of coffee, Mark Pendergrast discusses efforts of the coffee-producing nations to raise the price of coffee in 1977:

 

(p. 332) Quota restrictions without consumer country participation never worked in the past, since someone always cheated.

 

Source:

Pendergrast, Mark. Uncommon Grounds: The History of Coffee and How It Transformed Our World. New York: Basic Books, 2000.

 

Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)

HP3D5006CropSmall.jpg




Powered by
Movable Type 4.1






Amazon Honor System Click Here to Pay Learn More









View My Stats

The StatCounter counter box above reports the number of "page loads" since the counter was installed late on 2/26/08. A "page load" is "The number of times your page has been visited."