A Theory of Price ControlHarvard University Press, 1952 - 81 páginas Everybody talks about price control, but not many of us know what to expect of it, and when and how it should be used. In nontechnical language, Galbraith supplies the underlying economic ideas which will help readers understand how particular controls affect the general operation of the economy. He shows why price controls during World War II worked as well as they did and he analyzes the criteria for effective price control both under a fully mobilized economy and under limited mobilization. |
Contenido
THE PREWAR VIEW OF PRICE CONTROL | 1 |
PRICE CONTROL AND MARKET IMPERFECTION 10 | 10 |
PRICE CONTROL AND MARKET IMPERFECTION CONTINUED 20 | 20 |
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action Administration allocation allowed American appropriate associated assumed authority become buyers changes CHAPTER civilian competitive markets considerable context continue cost course designed direct disequilibrium system doubt early economic economists effective effort employed employment equilibrium especially excess of demand expenditure experience fact factor firms followed force function given higher imperfect market important incentives income individual industries inflation inflationary kind labor least less limited maintaining margin margin of tolerance matter maximum means measure military mobilization movement necessary normal objective partial particular partly perhaps period political possible practical present price control price increases Price Regulation price-fixing prices and wages principle problem profits pure rates rationing reasons regulation relation remain require responsibility result savings seems sellers stability strong substantial success suggested supply task theory tion United values wartime World World War II