Read complete books and articles on: Price Controls

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8 of the Best Books and Articles on: Price Controls

as selected by Questia librarians

1.

Basic Economics: A Citizen's Guide to the Economy (Chap. 3 "Price Controls") » Read Now
by Thomas Sowell. 366 pgs.

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Here at last is a citizen's guide to economics -- a book for those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. Thomas Sowell reveals the general principles behind any kind of economy -- capitalist, socialist, feudal, or otherwise. In...
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Here at last is a citizen's guide to economics -- a book for those who want to understand how their country's economy works but have no interest in graphs, jargon, or equations. Thomas Sowell reveals the general principles behind any kind of economy -- capitalist, socialist, feudal, or otherwise. In readable language, he helps the reader critique economic policies in terms of the incentives they create rather than the goals they proclaim. With clear explanations of the entire field, from rent control and the rise and fall of businesses to the international balance of payments, this is the first book for anyone who wishes to understand how the economy really functions.
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2.

There's No Such Thing as a Free Lunch (Chap. 5 "Wage and Price Controls") » Read Now
by Milton Friedman. 324 pgs.

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3.

Inflation: Long-Term Problems ("Wage-Price Controls and Inflation" begins on p. 114) » Read Now
by C. Lowell Harriss. 214 pgs.

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4.

Price Practices and Price Policies: Selected Writings (Chap. 18 "Direct Price Controls" and Chap. 20 "Problems and Effects of Price Control") » Read Now
by Jules Backman. 662 pgs.

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5.

The Great Wave: Price Revolutions and the Rhythm of History ("The Price Revolution of the Twentieth Century" begins on p. 179) » Read Now
by David Hackett Fischer. 538 pgs.

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David Hackett Fischer, one of our most prominent historians, has garnered a reputation for making history come alive--even stories as familiar as Paul Revere's ride, or as complicated as the assimilation of British culture in North America. Now, in The Great Wave, Fischer has done it again...
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David Hackett Fischer, one of our most prominent historians, has garnered a reputation for making history come alive--even stories as familiar as Paul Revere's ride, or as complicated as the assimilation of British culture in North America. Now, in The Great Wave, Fischer has done it again, marshaling an astonishing array of historical facts in lucid and compelling prose to outline a history of prices--"the history of change," as Fischer puts it--covering the dazzling sweep of Western history from the medieval glory of Chartres to the modern day. Going far beyond the economic data, Fischer writes a powerful history of the people of the Western world: the economic patterns they lived in, and the politics, culture, and society that they created as a result. As he did in Albion's Seed and Paul Revere's Ride, two of the most talked-about history books in recent years, Fischer combines extensive research and meticulous scholarship with wonderfully evocative writing to create a book for scholars and general readers alike. Records of prices are more abundant than any other quantifiable data, and span the entire range of history, from tables of medieval grain prices to the overabundance of modern statistics. Fischer studies this wealth of data, creating a narrative that encompasses all of Western culture. He describes four waves of price revolutions, each beginning in a period of equilibrium: the High Middle Ages, the Renaissance, the Enlightenment, and finally the Victorian Age. Each revolution is marked by continuing inflation, a widening gap between rich and poor, increasing instability, and finally a crisis at the crest of the wave that is characterized by demographic contraction, social and political upheaval, and economic collapse. The most violent of these climaxes was the catastrophic fourteenth century, in which war, famine, and the Black Death devastated the continent--the only time in Europe's history that the population actually declined. Fischer also brilliantly illuminates how these long economic waves are closely intertwined with social and political events, affecting the very mindset of the people caught in them. The long periods of equilibrium are marked by cultural and intellectual movements--such as the Renaissance, the Enlightenment, and the Victorian Age-- based on a belief in order and harmony and in the triumph of progress and reason. By contrast, the years of price revolution created a melancholy culture of despair. Fischer suggests that we are living now in the last stages of a price revolution that has been building since the turn of the century. The destabilizing price surges and declines and the diminished expectations the United States has suffered in recent years--and the famines and wars of other areas of the globe--are typical of the crest of a price revolution. He does not attempt to predict what will happen, noting that "uncertainty about the future is an inexorable fact of our condition." Rather, he ends with a brilliant analysis of where we might go from here and what our choices are now. This book is essential reading for anyone concerned about the state of the world today.
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6.

Controlled Open Economies: A Neoclassical Approach to Structuralism (Chap. 3 "Incompatible Control Regimes") » Read Now
by David M. Bevan, Paul M. Collier, Jan Willem Gunning. 370 pgs.

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This book develops macroeconomic theory for small open economies characterized by the sort of controls which make much of existing neoclassical economics inapplicable to developing countries. It distinguishes between sustainable combinations of policies and incompatible control regimes. The authors...
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This book develops macroeconomic theory for small open economies characterized by the sort of controls which make much of existing neoclassical economics inapplicable to developing countries. It distinguishes between sustainable combinations of policies and incompatible control regimes. The authors analyze the changes needed to maintain compatibility and the consequences of failing to do so. They also consider optimal investments in response to a temporary shock. The second half of the book contains an analysis of two temporary trade shocks in Africa, in both compatible and incompatible control regimes, demonstrating the applicability of the theory. It shows that in a compatible regime, the regime and the fiscal response to changes in revenue may make the reaction to a shock grossly inefficient. Under incompatibility, an economy exposed to a negative shock may go into steep decline, while responses to conventional policies may be reversed.
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7.

Rage against the Cure: The Health Hazards of Pharmaceutical Price Controls, in Policy Review » Read Now
by Robert M. Goldberg. 8 pgs.

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8.

Capitalism: A Treatise on Economics (Chap. 7 "Price Controls and Economic Chaos") » Read Now
by George Reisman. 1048 pgs.

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