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Drastic Measures by Hugh Rockoff
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Drastic Measures

A History of Wage and Price Controls in the United States
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Description

This 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.
Release date Australia
February 12th, 2004
Author
Audience
  • Professional & Vocational
Illustrations
Worked examples or Exercises
Pages
304
Dimensions
152x229x19
ISBN-13
9780521522038
Product ID
1976724

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