Analysis of The Economic Organizationof a P.O.W Camp andThe Wizard of Essay

Analysis of The stinting Organizationof a P.O.W Camp andThe Wizard of Oz , Journal of Political Economy - Essay ExampleThe Economic Organization of a P.O.W Camp This article focuses on economic nerve of a Prisoner Of War camp written by R.A Radford. The camp organization and politics are matters that concern the present and future existence of the inmates. In this article, one aspect of social organization is economic activities that exist in this camp. Prisoners in this camp depended on their economic activities to provide for their necessities. However, prisoners in the camp were roughly given equal share of the essentials it is through cope that prisoners would meet their individual preferences (Radford 190). The phylogenesis and organization of the grocery store The captives realized that it was undesirable and unnecessary to accept gifts of food or cigarettes in the view of limited size and equity of supplies. This led them to sprout trade as a means of maximizing individua l satisfaction. The writer talks of a transit camp in Italy a fortnight afterward capture where captives received food parcel from Red Cross each a week by and by. Weeks later the donation turned to small exchange trade where they became a custom in the market. Exchanges existed between foods and cigarettes where at the end of a month there was a lively trade in all commodities and their set were well known. The cigarette became the standard of value where goods were exchanged in return although barter trade was not extinguished (Radford 191). Despite the organization in Italy, the market was divided where French, Russians, Jugo-Slavs and Italians were free to move in the camp while British and Americans were in a confinement in their compounds. However, a few cigarettes would grant whatsoever man authority to visit their compounds. People who visited the highly organized French trading centre found relatively low priced coffee, and found out later that some of the coffee was so ld in black market by some French prisoners. This discovery raised a hostile public view against these monopoly profits and led to changes in the market (Radford 192). The cigarette became the currency in the market given that it performed all the functions of a metallic currency as a unit of account, a measure and store of value.