Flaws and Ceilings

Price Controls and the Damage They Cause

Christopher Coyne, Rachel Coyne (Herausgeber)

Buch | Softcover

224 Seiten

2015
Institute of Economic Affairs (Verlag)
978-0-255-36701-1 (ISBN)

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Price controls across many sectors are currently being hotly debated. New controls in the housing market, more onerous minimum wages, minimum prices for alcohol, and freezes on energy prices are very high up the agenda of most politicians at the moment. Even without any further controls, wages, university fees, railway fares and many financial products already have their prices at least partly determined by politicians rather than by supply and demand in the market. Indeed, barely a sector of the UK economy is unaffected in one way or another by government controls on prices. This book demonstrates why economists do not like price controls and shows why they are widely regarded as being amongst the most damaging political interventions in markets. The authors analyse, in a very readable fashion, the damage they cause. Crucially, the authors also explain why, despite universal criticism from economists, price controls are so popular amongst politicians. This excellent book, edited by Christopher Coyne and Rachel Coyne, should be of great value to all those with an interest in minimum wages and other forms of price control. cheers

Christopher J. Coyne is the F.A. Harper Professor of Economics at George Mason University and the Associate Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center. He also serves as the Director of Graduate Studies for the Department of Economics at GMU.Rachel L. Coyne is Senior Research Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at George Mason University

Erscheint lt. Verlag	27.3.2015
Reihe/Serie	Hobart Paperback ; 179
Verlagsort	London
Sprache	englisch
Maße	140 x 215 mm
Themenwelt	Wirtschaft ► Allgemeines / Lexika
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	0-255-36701-5 / 0255367015
ISBN-13	978-0-255-36701-1 / 9780255367011
Zustand	Neuware