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Drastic Measures - Hugh Rockoff

English
2015-01-07
โ‚ฌ205.48 โ‚ฌ256.85

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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 wisdo ... Full description

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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.

More Information

Author Hugh Rockoff
Publisher Cambridge University Press
Release year 2015
Cover type Hardcover
EAN 9780521244961
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โ‚ฌ205.48 โ‚ฌ256.85