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Drastic Measures

A History of Wage and Price Controls in the United States

Language EnglishEnglish
Book Paperback
Book Drastic Measures Hugh Rockoff
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
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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 - Paperback
Date of issue 2004
Number of pages 304
EAN 9780521522038
ISBN 052152203X
Libristo code 02033461
Weight 457
Dimensions 152 x 229 x 19
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