The Response of the Giant Corporations to Wage and Price Controls in World War II

Hugh Rockoff

The Journal of Economic History, 1981, vol. 41, issue 1, 123-128

Abstract: This paper reexamines the extent to which the giant corporations cooperated with wage and price controls during World War II, an issue to which Galbraith first drew attention. Two forms of evidence are explored: a sample of court cases involving the Office of Price Administration and large corporations, and the monographs in which former administrators reflected on their wartime experiences. The conclusion is that the compliance record could be characterized as a good one, but that this achievement depended on the constraints on allocation and collective bargaining that existed during the war.

Date: 1981
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