Socio-Economic Consequences of Price Controls in Bulgaria during the Interwar Period

Pencho Penchev ()

Proceedings of the Centre for Economic History Research, 2019, vol. 4, 154-170

Abstract: The study focuses on the socio-economic consequences of price controls performed by state and municipal authorities in Bulgaria during the Interwar period. It shows that their social welfare intentions often differ from the results achieved, and instead of alleviating the situation of the poor it is getting worse. The mere price fixing does not solve social conflicts and leads to administrative disturbances. From a political point of view, however, the authorities benefitted from price controls because they demonstrated concern for the problems of the majority while the blame for problems falls to greedy merchants and rich speculators.

Keywords: price controls; Bulgaria; socio-economic consequences (search for similar items in EconPapers)
JEL-codes: N4 N9 (search for similar items in EconPapers)
Date: 2019
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