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Drastic Measures

A History of Wage and Price Controls in the United States

Language EnglishEnglish
Book Hardback
Book Drastic Measures Hugh Rockoff
Libristo code: 02025873
Publishers Cambridge University Press, June 1984
This is a history of America's use of wage and price controls from colonial times to Richard Nixon's... Full description
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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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About the book

Full name Drastic Measures
Author Hugh Rockoff
Language English
Binding Book - Hardback
Date of issue 1984
Number of pages 302
EAN 9780521244961
ISBN 052124496X
Libristo code 02025873
Weight 67
Dimensions 152 x 229 x 21
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