Hugh Rockoff ()
in Cambridge Books from Cambridge University Press
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.
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Book: Drastic Measures (2004)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:cup:cbooks:9780521244961
Ordering information: This item can be ordered from
http://www.cambridge ... p?isbn=9780521244961
Access Statistics for this book
More books in Cambridge Books from Cambridge University Press
Bibliographic data for series maintained by Ruth Austin (). This e-mail address is bad, please contact .