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Drastic Measures
Hugh Rockoff
其他書名
A History of Wage and Price Controls in the United States
出版Cambridge University Press, 2004-02-12
主題Business & Economics / Economic HistoryHistory / United States / GeneralPolitical Science / Labor & Industrial RelationsPolitical Science / Public Policy / Economic Policy
ISBN052152203X9780521522038
URLhttp://books.google.com.hk/books?id=wSr8NBYbIoQC&hl=&source=gbs_api
EBookSAMPLE
註釋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.