The War on Prices : How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy / edited by Ryan A. Bourne.

Format:

Book

Contributor:

Bourne, Ryan, editor.

Language:

English

Subjects (All):

Inflation (Finance).

Inflation (Finance)--Popular works.

Prices--Popular works.

Prices.

Value--Popular works.

Value.

Physical Description:

1 online resource (332 pages)

Edition:

First edition.

Place of Publication:

Washington, DC : Cato Institute, [2024]

Summary:

This book, published by the Cato Institute, explores the complexities of inflation, price controls, and economic value. Through a series of essays by various authors, it examines the causes and misconceptions surrounding recent inflationary trends, particularly in the context of the COVID-19 pandemic and geopolitical events like the war in Ukraine. The book challenges popular narratives that attribute inflation to corporate greed and explores the role of monetary policy and government interventions. It critiques historical and contemporary price control measures, highlighting their inefficacy and unintended consequences. Aimed at policymakers, economists, and informed readers, the book seeks to provide a nuanced understanding of economic phenomena and advocate for market-based solutions. Generated by AI.

Contents:

Introduction: The War on Prices

PART 1: INFLATION

Inflation: An Introduction by Ryan Bourne

1. A Rising Product Price Doesn’t Cause Inflation by Pierre Lemieux

2. There Is No Such Thing as a Wage-Price Spiral by Bryan P. Cutsinger

3. Greed and Corporate Concentration Have Not Caused Inflation by Brian C. Albrecht

4. Our Recent Inflation Wasn’t Wholly Driven by the COVID-19 Pandemic and the War in Ukraine by David Beckworth

5. World War II Price Controls Were Not a “Total Success” by Ryan Bourne

6. Modern Monetary Theory Has No Road Map for Dealing with Inflation by Stan Veuger

PART 2: PRICES AND PRICE CONTROLS

Prices and Price Controls: An Introduction by Ryan Bourne

7. Price Controls Have Been Disastrous Price Controls Have Been Disastrous throughout History by Eamonn Butler

8. Under Rent Controls, Everyone Pays by Jeffrey Miron and Pedro Aldighieri

9. Oil and Natural Gas Price Controls in the 1970s: Shortages and Redistribution by Peter Van Doren

10. Interest Rate Caps Do Not Protect Vulnerable Consumers by Nicholas Anthony

11. Abolishing “Junk Fees” Would Be Junk Policy by Ryan Bourne

12. Government Price Fixing Is the Rule in U S Health Care by Michael F. Cannon

13. Anti-Price-Gouging Laws Entrench Shortages by Ryan Bourne

14. The West Needs Water Markets, but Achieving That Is Tough by Peter Van Doren

15. Minimum Wage Hikes Bring Tradeoffs beyond Pay and Jobs by Jeffrey Clemens

16. Minimum Wages Are an Ineffective and Inefficient Anti-Poverty Tool by Joseph J. Sabia

17. Price Ceilings of Zero Can Cause Deadly Shortages by Peter Jaworski

PART 3: VALUE

Value: An Introduction by Ryan Bourne

18. The Labor Theory of Value Is Mistaken by Deirdre Nansen McCloskey

19. Market Prices and Wages Do Not Reflect Ethical Value by Deirdre Nansen McCloskey

20. Market Prices Are Not Inherently Corrupting by Deirdre Nansen McCloskey

21. The Gender Pay Gap Isn’t about Workplace Discrimination by Vanessa Brown Calder

22. The Pink Tax Is a Myth by Ryan Bourne

23. High CEO Pay Is Not a Simple Story of Rent Seeking by Alex Edmans and J. R. Shackleton Generated by AI.

Notes:

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

Description based on print version record.

Includes index.

ISBN:

9781952223877

1952223873

OCLC:

1433222639