Austrian Economics: An Introduction

A
A
Home | Library | 4. Price Controls

4. Price Controls

  • Austrian Economics Introduction
February 20, 2010

Tags Austrian Economics OverviewInterventionism

Price controls - triangular interventions - occur when an intervener (generally government) either compels a pair of people to make an exchange or prohibits them from making an exchange. Although ludicrous, price controls are instituted because a product appears to be in short supply, e.g. oil - while price controls create artificial shortages of the product. The conservation movement ties in with the attack on comfort and consumption and humans in general.

Lecture 4 of 4 from Austrian Economics: An Introduction, presented at New York Polytechnic University in 1972.


Note: The views expressed on Mises.org are not necessarily those of the Mises Institute.

Follow Mises Institute