Economic Crisis in a Shortage Economy
分析改革中的社会主义经济体放松工资控制但不硬化企业预算约束或放开消费品价格的危险，指出工资上涨会加剧短缺、滋生浪费和腐败，并可能恶化工人福利，但分配方式会影响产出和福利水平。
It is not unusual for reforming socialist economies to relax wage controls without hardening budget constraints on enterprises or freeing consumer goods prices. This policy can be dangerously destabilizing. While higher wages permit workers to purchase more of some goods, they also tend to exacerbate shortages and to breed waste and corruption. Beyond a certain level, economywide wage hikes will worsen worker welfare, regardless of whether deficit goods are strictly rationed, sold randomly at official prices to queuing workers, or offered to workers by "insiders" only at black-market prices. However, the form of allocation does influence the levels of output and welfare. Copyright 1992 by University of Chicago Press.