Price and Wage Controls in Four Wartime Periods

Hugh Rockoff

The Journal of Economic History, 1981, vol. 41, issue 2, 381-401

Abstract: The debate over wage and price controls has taken a highly stylized form. Advocates of controls stress the direct effect on the obvious problem, inflation, whereas critics stress the side effects. This paper measures and compares the effects of controls during the four periods when controls have been used in the United States in the twentieth century. Although tentative conclusions are drawn concerning the price effects, the size of the administrative bureaucracies, and so forth, the clearest lesson, as usual, is that the issue warrants further investigation by economic historians because it is important, and because the historical record is surprisingly rich.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:41:y:1981:i:02:p:381-401_04

Access Statistics for this article

More articles in The Journal of Economic History from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().