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Item Details
Title:
DRASTIC MEASURES
A HISTORY OF WAGE AND PRICE CONTROLS IN THE UNITED STATES
By:
Hugh Rockoff, Louis Galambos, Robert Gallmam
Format:
Paperback
List price:
£29.99
Our price:
£26.24
Discount:
12.5
% off
You save:
£3.75
ISBN 10:
052152203X
ISBN 13:
9780521522038
Availability:
Usually dispatched within 1-3 weeks.
Delivery rates
Stock:
Currently
0
available
Publisher:
CAMBRIDGE UNIVERSITY PRESS
Pub. date:
5 January, 2004
Series:
Studies in Economic History & Policy: USA in the Twentieth Century
Pages:
304
Description:
A history of America's use of wage and price controls from colonial times to the 1970s.
Synopsis:
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.
Illustrations:
bibliography, index
Publication:
UK
Imprint:
Cambridge University Press
Returns:
Returnable
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