Drastic Measures : A History of Wage and Price Controls in the United States
by
Hugh Rockoff
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
Product Classification:
United States of America, USAc 1500 onwards to present dayEconomic history
Ksh 17,100.00
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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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