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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Explores the use and impact of price controls in the United States from colonial times to the end of Richard Nixon's term in the 1970s. Professor Rockoff concludes that price controls may have positive effects in the short run.
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First Sentence:
One of the most important debates on economic policy in recent years has concerned wage and price controls. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
civilian war agencies, ration currency, uncontrolled sector, total bureaucracy, peacetime controls, price controllers, stabilization agency, suppressed inflation, high aggregate demand, uncontrolled prices, grain corporation, rent index, rationing programs, second freeze, quality deterioration, restrictive monetary policy, continental dollars, selective controls, prohibition cases, price explosion Key Phrases - Capitalized Phrases (CAPs): (learn more)
World War, Food Administration, Korean War, Federal Reserve, Fuel Administration, United States, New York, War Industries Board, New Haven, Post Office, Mitchell Committee, War Labor Board, War Production Board, Massachusetts Bay, Office of Price Administration, Revolutionary War, Continental Congress, Lever Act, Price Fixing Committee, Emergency Price Control Act, Gallup Poll, Price Commission, Bureau of Labor Statistics, Chester Bowles, President Roosevelt New!
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Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
One of the most important debates on economic policy in recent years has concerned wage and price controls. Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
civilian war agencies, ration currency, uncontrolled sector, total bureaucracy, peacetime controls, price controllers, stabilization agency, suppressed inflation, high aggregate demand, uncontrolled prices, grain corporation, rent index, rationing programs, second freeze, quality deterioration, restrictive monetary policy, continental dollars, selective controls, prohibition cases, price explosion Key Phrases - Capitalized Phrases (CAPs): (learn more)
World War, Food Administration, Korean War, Federal Reserve, Fuel Administration, United States, New York, War Industries Board, New Haven, Post Office, Mitchell Committee, War Labor Board, War Production Board, Massachusetts Bay, Office of Price Administration, Revolutionary War, Continental Congress, Lever Act, Price Fixing Committee, Emergency Price Control Act, Gallup Poll, Price Commission, Bureau of Labor Statistics, Chester Bowles, President Roosevelt New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Table of Contents | First Pages | Index | Back Cover | Surprise Me!
Citations (learn more)
This book cites 72
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- The War Industries Board by Professor Robert Cuff on page 44, page 46, and Back Matter
- Public Opinion (Communication Concepts) by Vincent E. Price in Back Matter (1), Back Matter (2), and Back Matter (3)
- Best Friend by Shirley Simon in Back Matter
- Economics Peace Laug (Meridian) by John Kenneth Galbraith in Back Matter
- Economic Policy Beyond the Headlines by George P. Shultz in Back Matter
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