Buch(elektronisch)2015

Flaws and ceilings: price controls and the damage they cause

Coyne, Christopher

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Abstract

The authors; Foreword; Summary; Tables and figures; 1Introduction; Christopher J. Coyne and Rachel L. Coyne; Introduction; References; 2The economics of price controls; Christopher J. Coyne and Rachel L. Coyne; The crucial role of prices in solving the economic problem; Figure 1The supply and demand framework; Illustrating the market process and the distortionary effects of price controls; Figure 2A price floor; Figure 3A price ceiling; Some overlooked costs of price controls; Conclusion; References; 3Price ceilings: ancient and modern; Robert C. B. Miller; Taking low inflation for granted

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Buch(elektronisch)#12015

Flaws and Ceilings: Price Controls and the Damage They Cause

In: Hobart Paperback

Coyne, Christopher; Coyne, Rachel; Philip, Booth; Ryan, Bourne; Stephen, Davies; B., Miller Robert C.; Colin, Robinson; Steven, Schwartz

Coyne, Christopher; Coyne, Rachel; Philip, Booth; Ryan, Bourne; Stephen, Davies; B., Miller Robert C.; Colin, Robinson; Steven, Schwartz; Stanley, Siebert W.; Christopher, Snowdon; Richard, Wellings

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 demonst