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English
Book
Hardback
This is a history of America's use of wage and price controls from colonial times to Richard Nixon's...
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Libristo code: 02025873
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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 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.
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About the book
Full name
Drastic Measures
Author
Hugh Rockoff
Language
English
English
Binding
Book - Hardback
Date of issue
1984
Number of pages
302
EAN
9780521244961
ISBN
052124496X
Libristo code
02025873
Publishers
Cambridge University Press
Weight
67
Dimensions
152 x 229 x 21
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