ИПИ Библиотека

This book demonstrated why economists do not like price controls and shows why they are widely regarded as being amongst the most damaging political interventions in markets. The autors analyse, in very readable fashion, the damage they cause. Crucially, the authors also explain why, despite universal criticism from economists, price controls are so popular amongst politicians.

Rent controls in the UK were disastrous in terms of their effect on the private rented sector. In the period of control, the privet rented sector fell from three quarters to one tenth of the total housing stock. Since liberalisation, private renting has rebounded to around one sixth of all housing provision.

Christopfer Coyne & Rachel Coyne

Christopher J. Coyne is the F.A. Harper Professor of Economics at George Mason University and the Associate Director of the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center.
Rachel L. Coyne is a Senior Research Fellow at the F. A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center.