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Forty Centuries of Wage and Price Controls: How Not to Fight Inflation

  • Forty Centuries of Wage and Price Controls by Schuettinger and Butler

Tags Big GovernmentWorld HistoryInterventionismPrices

02/14/1978Robert L. ScheuttingerEamonn F. Butler

By special arrangement with the authors, the Mises Institute is thrilled to bring back this popular guide to ridiculous economic policy from the ancient world to modern times. This outstanding history illustrates the utter futility of fighting the market process through legislation. It always uses despotic measures to yield socially catastrophic results.

It covers the ancient world, the Roman Republic and Empire, Medieval Europe, the first centuries of the U.S. and Canada, the French Revolution, the 19th century, World Wars I and II, the Nazis, the Soviets, postwar rent control, and the 1970s. It also includes a very helpful conclusion spelling out the theory of wage and price controls.

This book is a treasure, and super entertaining!

Authors:

Robert L. Scheuttinger

Robert Schuettinger was educated in a one-room schoolhouse in Charlotte, Vermont. He later studied under Nobel Laureate and Mises Institute founding board member F.A. Hayek at the Committee on Social Thought of the University of Chicago, where he also edited the New Individualist Review with Ralph Raico.

Eamonn F. Butler

Eamonn Butler is director of the Adam Smith Institute. See his website.

References

The Heritage Foundation, 1978

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