Drastic Measures : A History of Wage and Price Controls in the United States
by
Hugh Rockoff
Book Details
Format
Paperback / Softback
ISBN-10
052152203X
ISBN-13
9780521522038
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Feb 12th, 2004
Print length
304 Pages
Weight
457 grams
Dimensions
22.90 x 15.20 x 1.90 cms
Product Classification:
United States of America, USAc 1500 onwards to present dayEconomic history
Ksh 6,150.00
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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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