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

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Historical analysis of U.S. economic interventions.

If you're drawn to the intricacies of historical economic policies, "Drastic Measures" is an insightful choice. Hugh Rockoff's meticulous research offers a thorough examination of America's application of wage and price controls. The book takes you from early colonial practices to the more complex systems of the 1970s, making it a thought-provoking read for anyone interested in the evolution of government intervention in the economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

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

Regular price RM186.00 MYR
Unit price
per
Compare to estimated retail price: RM461.00 MYR  
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ISBN: 9780521244961
Authors: Hugh Rockoff
Date of Publication: 1984-06-29
Format: Hardcover
Related Collections: Economics, History, Politics
Goodreads rating: 3.5
(rated by 4 readers)

Description

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.
 

Historical analysis of U.S. economic interventions.

If you're drawn to the intricacies of historical economic policies, "Drastic Measures" is an insightful choice. Hugh Rockoff's meticulous research offers a thorough examination of America's application of wage and price controls. The book takes you from early colonial practices to the more complex systems of the 1970s, making it a thought-provoking read for anyone interested in the evolution of government intervention in the economy.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.