Journal Article Does the Consumer Benefit from Price Instability? Reply Get access Fredebick V. Waugh Fredebick V. Waugh War Food Administration Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 59, Issue 2, February 1945, Pages 301–303, https://doi.org/10.2307/1884831 Published: 01 February 1945