Abstract
This chapter describes an economic organization that is both elaborate and smooth-working in the summer of 1944. Then came the August cuts and deflation. Prices fell, rallied with deliveries of cigarette parcels in September and December, and fell again. In January, 1945, supplies of Red Cross cigarettes ran out and prices slumped still further; in February, the supplies of food parcels were exhausted and the depression became a blizzard. Food, itself scarce, was almost given away to meet the nonmonetary demand for cigarettes. Laundries ceased to operate, or worked for £'s or Reichmarks: food and cigarettes sold for fancy prices in £'s, until that time unheard of. The Shop was empty and the Exchange Mart notices were full of unaccepted offers for cigarettes. Barter increased in volume, becoming a large portion of a smaller value of trade. By April, 1945, chaos had replaced order in the economic sphere: sales were difficult, prices lacked stability. Economics has been defined as the science of distributing limited means among unlimited and competing ends.
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