9780521522038-052152203X-Drastic Measures: A History of Wage and Price Controls in the United States (Studies in Economic History and Policy: USA in the Twentieth Century)

Drastic Measures: A History of Wage and Price Controls in the United States (Studies in Economic History and Policy: USA in the Twentieth Century)

ISBN-13: 9780521522038
ISBN-10: 052152203X
Author: Hugh Rockoff
Publication date: 2004
Publisher: Cambridge University Press
Format: Paperback 304 pages
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Book details

ISBN-13: 9780521522038
ISBN-10: 052152203X
Author: Hugh Rockoff
Publication date: 2004
Publisher: Cambridge University Press
Format: Paperback 304 pages

Summary

Drastic Measures: A History of Wage and Price Controls in the United States (Studies in Economic History and Policy: USA in the Twentieth Century) (ISBN-13: 9780521522038 and ISBN-10: 052152203X), written by authors Hugh Rockoff, was published by Cambridge University Press in 2004. With an overall rating of 3.7 stars, it's a notable title among other Economic History (Economics, Labor & Industrial Relations, United States History) books. You can easily purchase or rent Drastic Measures: A History of Wage and Price Controls in the United States (Studies in Economic History and Policy: USA in the Twentieth Century) (Paperback) from BooksRun, along with many other new and used Economic History books and textbooks. And, if you're looking to sell your copy, our current buyback offer is $0.3.

Description

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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