The role of quality in the grain market: wheat prices formation in eighteenth-century Northern Italy

Abstract

Abstract The aim of this paper is to analyse the role of wheat quality in the formation of wheat prices in the early modern period, adopting eighteenth-century northern Italy as a case study. Wheat prices have been widely used by economic historians to calculate living standards, determine the degree of market integration, and date famines. Rarely, however, have economic historians focused on how wheat prices were determined. By looking at the wheat supply chain, we will try to make more visible the extent to which wheat quality was crucial in determining the value of wheat and, as a consequence, the final price of grain.