TY - JOUR
T1 - The Response of the Giant Corporations to Wage and Price Controls in World War II
AU - Rockoff, Hugh
N1 - Funding Information:
Journal of Economic History, Vol. XLI, No. 1 (March 1981). © The Economic History Association. All rights reserved. ISSN 0022-0507. The author is Associate Professor, Department of Economics, Rutgers College, Rutgers the State University, New Brunswick, NJ. He is indebted to Stanley Engerman and Robert Gallman for their comments on a longer manuscript upon which he has drawn. Any errors of fact or interpretation, however, are the author's. He is also indebted to the Rutgers Bureau of Economic Research for financial support. 1John Kenneth Galbraith, A Theory of Price Control (Cambridge, MA, 1952), pp. 10-27. 2 John Kenneth Galbraith, The New Industrial State (Boston, 1967), pp. 253-54.
PY - 1981/3
Y1 - 1981/3
N2 - This paper reexamines the extent to which the giant corporations cooperated with wage and price controls during World War II, an issue to which Galbraith first drew attention. Two forms of evidence are explored: a sample of court cases involving the Office of Price Administration and large corporations, and the monographs in which former administrators reflected on their wartime experiences. The conclusion is that the compliance record could be characterized as a good one, but that this achievement depended on the constraints on allocation and collective bargaining that existed during the war.
AB - This paper reexamines the extent to which the giant corporations cooperated with wage and price controls during World War II, an issue to which Galbraith first drew attention. Two forms of evidence are explored: a sample of court cases involving the Office of Price Administration and large corporations, and the monographs in which former administrators reflected on their wartime experiences. The conclusion is that the compliance record could be characterized as a good one, but that this achievement depended on the constraints on allocation and collective bargaining that existed during the war.
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U2 - 10.1017/S002205070004287X
DO - 10.1017/S002205070004287X
M3 - Article
AN - SCOPUS:84974253460
SN - 0022-0507
VL - 41
SP - 123
EP - 128
JO - Journal of Economic History
JF - Journal of Economic History
IS - 1
ER -