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Advancing Austrian Economics, Liberty, and Peace

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

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

Eamonn 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!

Publication Information The Heritage Foundation, 1978
Updated 4/2/2011