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Drastic Measures

Name: Drastic Measures
Brand: Cambridge University Press
SKU: 02033461
Price: 46.69 EUR
Availability: InStock
Author: Hugh Rockoff
ISBN: 9780521522038

A History of Wage and Price Controls in the United States

Hugh Rockoff

Language

English

Book Paperback

Libristo code: 02033461

Publishers Cambridge University Press, February 2004

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

Libristo code: 02033461

114 b

46.69 € VAT included

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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.