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

Name: Drastic Measures
Brand: Cambridge University Press
SKU: 9780521522038
Price: 6150 KES
Availability: OutOfStock
ISBN: 9780521522038

by Hugh Rockoff

Book Details

Format Paperback / softback

Book Series Studies in Economic History and Policy: USA in the Twentieth Century

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, USA c 1500 onwards to present day Economic 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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