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Updated: May 23, 2025
Another modern-sounding institution, that of the "equalization offices", was supposed to buy cheap goods in times of plenty in order to sell them to the people in times of scarcity at similarly low prices, so preventing want and also preventing excessive price fluctuations. In actual fact these state offices formed a new source of profit, buying cheaply and selling as dearly as possible.
We do not understand our own political history, still less can we understand the position and the statesmanship of the Conqueror, unless we fully take in what the English constitution in the eleventh century really was, how very modern-sounding are some of its doctrines, some of its forms. Statesmen of our own day might do well to study the meagre records of the Gemot of 1047.
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