Price Controls in War and Peace: A Marshallian Conclusion

In: Scottish journal of political economy: the journal of the Scottish Economic Society, Band 49, Heft 1, S. 39-60

Abstract

Price controls are a very old means of trying to contain inflation. In GB, they were used in WWII & again in the 1960s. On the first occasion they seemed to work quite well though there were other factors involved -- notably rationing. The second episode was not successful. Rationing seems to have been crucial. 2 Figures, 1 Appendix, 15 References. Adapted from the source document.