In This Review

A Theory of Price Control
A Theory of Price Control
By John Kenneth Galbraith
Harvard University Press, 1952, 81 pp.

Drawing on his experiences in the OPA, Professor Galbraith discusses in a stimulating and original fashion the nature and uses of price control. He makes clear distinctions between the purpose and methods of price control in the "disequilibrium system" of full mobilization and those suitable for partial mobilization.