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Drastic Measures : A History of Wage and Price Controls in the United States - Hugh Rockoff

Drastic Measures

A History of Wage and Price Controls in the United States


Published: 29th June 1984
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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.

The debate over controls
Forgotten experiments
World War I
World War II: attacking inflation directly
World War II: the market under controls
The Korean War
The Vietnam War
Lessons for the recent crisis
Name index
Subject index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521244961
ISBN-10: 052124496X
Series: Studies in Economic History and Policy: USA in the Twentieth Century
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 302
Published: 29th June 1984
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 2.1
Weight (kg): 0.61