English laws on the control of monopolies and restrictive practices were in force long before the Norman Conquest.  The Domesday Book reported that “Foresteel” (i.e., prefiguration, the practice of buying goods before they were put on the market and then inflating prices) was one of the three effects that King Edward the Confessor could accomplish through England.  However, the concern for fair prices has also led to attempts at direct market regulation. In 1266, a law was promulgated by Henry III to determine the prices of bread and ale in accordance with the prices of cereals set by the Assizes. Among the offending sentences were Amercements, Pranger and Tumbrel.  A fourteenth-century statute called foremen “oppressors of the poor and the community in general and enemies of the whole country.”  Under King Edward III. Because rational producers will continue to produce and sell and buyers will continue to buy to the last possible marginal unit of production – or rational producers will reduce their production to the margin with which buyers will buy the same quantity as the quantity produced – there is no waste, the greatest number of wishes of the vast majority of people is satisfied and the benefits are perfected, because resources can no longer be redistributed to make someone better. without making anyone else worse; the company has achieved allocative efficiency….