Price and Wage Controls in Four Wartime Periods
衡量并比较了20世纪美国四次战时物价与工资管制的效果，发现管制对物价的影响、行政官僚规模等虽可得出初步结论，但更重要的启示是经济史学家需进一步研究这一重要且史料丰富的议题。
The debate over wage and price controls has taken a highly stylized form. Advocates of controls stress the direct effect on the obvious problem, inflation, whereas critics stress the side effects. This paper measures and compares the effects of controls during the four periods when controls have been used in the United States in the twentieth century. Although tentative conclusions are drawn concerning the price effects, the size of the administrative bureaucracies, and so forth, the clearest lesson, as usual, is that the issue warrants further investigation by economic historians because it is important, and because the historical record is surprisingly rich.