Price and Wage Controls; A Record of Three Wars [from the dust jacket]
Published by Atlas Publishing Company, Inc, New York, 1970
- First Edition
- Hardcover
- Used
Seller: Ground Zero Books, Ltd., Silver Spring, MD, U.S.A.Ground Zero Books, Ltd.
AbeBooks seller since August 14, 1998
Condition: Used - Very good
£ 230.78
Quantity: 1 available
Add to basketItem description from seller
[12], 211, [1] pages. Index. DJ has some wear, soiling, and some tears and chips. Charles H. Lipsett served on the War Industries Board during World War I as a consultant on steel, metals and raw materials essential for armament. He was also an advisor to the War and Navy Departments on disposition of war surplus after World War I. He served as an advisor to government price and production agencies and to surplus property administration during and after World War II. He was an advisor to the Senate Armed Services Committee during the Korean War. Mr. Lipsett, who died in 1978 at the age of 95, was head of the Atlas Publishing Company of New York.' Until his retirement in 1961, he had been publishing trade journals in various fields for more than half a century. It was the author's intent in this work to present clear and factual information to held the reader judge the merits of President Nixon's and Congressional efforts to control the American Economy. He used his experiences in three wars to inform his analysis and argument. This book addressed the economic crisis that led, after its publication, to President Richard Nixon's 1971 implementation of a series of unprecedented, mandatory federal wage and price controls in a direct attempt to curb inflation, which had reached over 5%. As part of his "New Economic Policy", this initiative marked the first time the U.S. government instituted such controls during peacetime. Although initially popular and effective at lowering inflation, the controls ultimately failed to manage "stagflation," leading to shortages and a surge in inflation once they were removed. Announced on August 15, 1971, there was a 90-day freeze that immediately halted price and wage increases to curb inflationary expectations. The administration then established a "Pay Board" and "Price Commission" to oversee wage and price adjustments, which lasted for nearly three years. While most controls were lifted, price restrictions on oil and natural gas were maintained for several years, leading to widespread shortages and long gas lines. The U.S. economy faced a combination of rising unemployment and high inflation, which conventional economic strategies of the time failed to fix. Despite previously promising not to implement such controls, Nixon was advised that a freeze would show "decisive" action and was pursued to help secure his reelection in 1972. The controls were part of a broader package that included suspending the dollar's convertibility into gold (ending the Bretton Woods system) and imposing a 10% surcharge on imports. Inflation dropped to an annual rate of 4% during the initial freeze, but skyrocketed again to over 12% by 1974 after the controls were removed. The controls caused significant shortages of goods because producers found it unprofitable to produce at artificially low prices. The policies are widely regarded by economists as a failure that distorted market signals and failed to address the root causes of inflation, such as excessive demand or supply constraints. The apparatus for the wage and price controls was completely abolished in April 1974, shortly before Nixon resigned.…
Seller Inventory # 67051
Bibliographic details
- Title
- Price and Wage Controls; A Record of Three Wars [from the dust jacket]
- Author
- Lipsett, Charles H.
- Publisher
- Atlas Publishing Company, Inc, New York
- Publication year
- 1970
- Condition
- Very good
- Dust jacket
- Good
- Binding
- Hardcover
- Edition
- Presumed First Edition, First printing.
Ground Zero Books, Ltd.
Silver Spring, MD, U.S.A.
AbeBooks seller since August 14, 1998
Shipping rates within U.S.A.
| Item | 5 to 20 business days | 3 to 6 business days |
|---|---|---|
| First item | £ 3.73 | £ 5.60 |
Payment methods
- Check
- Invoice
- Money Order
- Paypal
Store description
Founded and operated by trained historians, Ground Zero Books, Ltd., serves the book collector, the scholar, and institutions. We focus on the individual, and pride ourselves on our personal service. Please contact us with your wants, as we have many books not yet listed in our database.
Specialty
Military History, Nuclear, American Revolution, Military Medicine, Vietnam, World War II, British Empire, World War I, Unit Histories, Civil WarSeller's business information
Ground Zero Books, Ltd.
9033 Georgia Avenue
Silver Spring, MD U.S.A. 20910-2254
Terms of sale
Books are subject to prior sale. Please ask us to hold a book for you before you
mail your check. Books are returnable within 7 days, if not satisfactory. MD
residents add 6% state sales tax.
The mailing address for Ground Zero Books, Ltd. (a subchapter-S corporation) is
P.O. Box 8369, Silver Spring, MD 20907-8369. You can reach us by phone at 301-
585-1471, by fax at 301-920-0253, or by e-mail at gzbooksltd@aol.com. Ground Zero
Books, Ltd., is owned & operated by R. Alan Lewis & Lynne Haims.
Right of withdrawal
If you are a consumer you can withdraw from the contract in accordance with the following. Consumer means any natural person who is acting for purposes which are outside his trade, business, craft or profession.
Information regarding the right of withdrawal
Statutory right to withdraw
You have the right to withdraw from this contract within 14 days without giving any reason.
The withdrawal period will expire after 14 days from the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the last good or the last lot or piece.
To exercise the right of withdrawal, electronically fill in and submit a clear statement on our website, under "My Purchases" in "My Account". We will communicate to you an acknowledgement of receipt of such a withdrawal on a durable medium (e.g. by e-mail) without delay.
To meet the withdrawal deadline, it is sufficient for you to send your communication concerning your exercise of the right of withdrawal before the withdrawal period has expired.
Effects of withdrawal
If you withdraw from this contract, we will reimburse to you all payments received from you, including the costs of delivery (except for the supplementary costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us).
We may make a deduction from the reimbursement for loss in value of any goods supplied, if the loss is the result of unnecessary handling by you.
We will make the reimbursement without undue delay, and not later than 14 days after the day on which we are informed about your decision to withdraw from this contract.
We will make the reimbursement using the same means of payment as you used for the initial transaction, unless you have expressly agreed otherwise; in any event, you will not incur any fees as a result of such reimbursement.
We may withhold reimbursement until we have received the goods back, or you have supplied evidence of having sent back the goods, whichever is the earliest.
You shall send back the goods or hand them over to Ground Zero Books, Ltd., Silver Spring, Maryland, U.S.A., +1 240-316-0119, without undue delay and in any event not later than 14 days from the day on which you communicate your withdrawal from this contract to us. The deadline is met if you send back the goods before the period of 14 days has expired. You will have to bear the direct cost of returning the goods. You are only liable for any diminished value of the goods resulting from the handling other than what is necessary to establish the nature, characteristics and functioning of the goods.
Exceptions to the right of withdrawal
The right of withdrawal does not apply to:
- The delivery of newspapers, journals or magazines with the exception of subscription contracts; and
- The supply of digital content which is not supplied on a tangible medium (e.g. on a CD or DVD) if you accepted when you placed your order that we could start to deliver it, and that you could not withdraw once delivery had started.
Shipping terms
Orders usually ship within 2 business days. Shipping costs are based on books
weighing 2.2 LB, or 1 KG. If your book order is heavy or oversized, we may contact
you to let you know extra shipping is required.