A History of Wage and Price Controls in the United States
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Drastic Measures by Hugh Rockoff
Book DescriptionThis is a history of America's use of wage and price controls from colonial times to Richard Nixon's experiment with controls in the 1970s. It explores the impact of controls on prices and productivity, side-effects such as the growth of black markets and the expansion of government, and the relationship between controls and monetary policy. The central conclusion is that, contrary to the conventional wisdom, there are situations where the net effect of controls can be positive. In particular, temporary controls may reduce the unemployment and lost output usually associated with disinflation.
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Book DetailsISBN: 9780521522038
(229mm x 152mm x 17mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 12-Feb-2004
Country of Publication: United Kingdom
Books By Author Hugh Rockoff
America's Economic Way of War, Hardback (March 2012)
This revealing book exposes the influence of economics and finance on how America waged war in the twentieth century.
Drastic Measures, Hardback (June 1984)» View all books by Hugh Rockoff
A history of America's use of wage and price controls from colonial times to the 1970s.
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