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Apel, 1960. Social Research 27(2):157-182

Prices and Wages in Recession: Legal versus Voluntary Restraints
Hans Apel

Social Research: An International Quarterly

Arien Mack, Editor

Volume 27, No. 2 (Summer 1960): 157-182

EXCERPT: The need for anti-inflationary policy was born and reared in a climate of high prosperity and boom. Therefore the recent tendency of inflation to persevere even through recession has necessarily led to an examination of the continued usefulness of our traditional defenses, and of possible new avenues of approach to the problem. Past periods of recession had at least the merits of producing deflationary effects sufficient to bring the long-range rate of inflation down to tolerable proportions from the extreme peaks reached under war and postwar pressures.
Stock number:SRJ-ART-272-0157 Price:$15.00

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