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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Drastic Measures: A History of Wage and Price Controls in the United States

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

Rockoff, Hugh
Galambos, Louis
Gallmam, Robert

Paperback

Series: Studies in Economic History and Policy: USA in the Twentieth

EconomicsGeneral United States HistorySocial Movements

ISBN10: 052152203X
ISBN13: 9780521522038
Publisher: Cambridge University Press
Published: Feb 12 2004
Pages: 304
Weight: 0.99
Height: 0.68 Width: 6.00 Depth: 9.00
Language: English
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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