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Drastic Measures
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Drastic Measures : A History of Wage and Price Controls in the United States

Book Details

Format Hardback or Cased Book
ISBN-10 052124496X
ISBN-13 9780521244961
Publisher Cambridge University Press
Imprint Cambridge University Press
Country of Manufacture GB
Country of Publication GB
Publication Date Jun 29th, 1984
Print length 302 Pages
Weight 67 grams
Dimensions 22.90 x 15.20 x 2.10 cms
Ksh 17,100.00
Manufactured on Demand 0 in stock

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This is a history of America's use of wage and price controls from colonial times to 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.
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.

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