Prices and Price Controls: Are Price Controls a Policy Instrument?

  • Forrest Capie
  • Mahmood Pradhan
  • Geoffrey E. Wood
Part of the Studies in Banking and International Finance book series (SBIF)


How effectively, if at all, do price controls work? The answer to that question has implications for economic policy, for our understanding of history, and also for our understanding of markets. To the policymaker the answer is important in revealing to what extent controls might be used as an instrument of economic management. To the economic historian the answer is of interest for assessing the importance of various influences on the behaviour of the economy. Most generally, if controls do work, then there is a clear possibility that factors in addition to supply and demand affect prices.


Forecast Period Price Control Money Growth Building Society Income Policy 
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Copyright information

© Donald R. Hodgman and Geoffrey E. Wood 1989

Authors and Affiliations

  • Forrest Capie
  • Mahmood Pradhan
  • Geoffrey E. Wood

There are no affiliations available

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